Major firms and new entities are amassing crypto holdings for treasury operations, reflecting a broader adoption and diversification of crypto assets beyond bitcoin. Corporate treasuries are exploring yield-bearing strategies such as staking, lending and providing liquidity, driven by the maturation of decentralized finance protocols and tokenized products. In the simplest sense, farming yield for enterprise reasons involves actively putting digital assets to work through yield-bearing instruments, such as staking, lending and liquidity pools. For example, in proof-of-stake (PoS) blockchain networks, holders can “stake” their assets to help secure the network, earning rewards (usually paid in the native token). For CFOs, staking offers a yield-generating mechanism somewhat akin to a dividend, albeit with technical, liquidity and regulatory considerations. Crypto lending platforms, for their part, can enable asset holders to lend their tokens in exchange for interest payments. This helps allow treasuries to deploy idle crypto assets and earn returns, similar to money-market strategies in traditional finance. By supplying their digital assets to decentralized exchanges or automated market makers (AMMs), corporate treasuries can earn fees from trading activity. While this method is potentially lucrative, it exposes providers to unique risks such as impermanent loss, a phenomenon where the value of supplied assets diverges from simply holding them.