Earning yield with Frax Finance involves several strategies, such as supplying liquidity to Curve’s FRAX-3CRV pool. This process allows you to earn through a combination of Curve, Stake DAO, and Frax staking, potentially yielding a 40% APR. The system utilizes "Algorithmic Market Operations Controllers (AMOs)" to manage monetary policy more flexibly, moving beyond traditional collateralized mints.