Yield Farming Crypto Explained

What is decentralized finance and yield farming? Vince Wicker from the BEES.Social crypto community lays it out in simple terms how DeFi works, the purpose of liquidity pools and liquidity providers, and finally how yield farmers make money.

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An Amateur's Guidebook To Yield Farming Cryptocurrency

DeFi Yield Farming Chapter Index
00:00:03 Introduction to DeFi Yield Farming Terminology
00:00:48 What is DeFi (Decentralized Finance)?
00:03:17 Smart Contracts on the Ethereum Network
00:04:00 What are Liquidity Pools
00:06:23 Who Are Liquidity Providers and Trading Fees
00:07:00 Automated Market Makers in the Smart Contracts
00:08:10 How DeFi Yield Farming Works
00:09:49 Balancer Liquidity Pools
00:10:15 Staking in BEES.Social Liquidity Pools - Yielding Tokens
00:11:20 Three Ways Yield Farmers Make Money

For more videos about DeFi Yield Farming and strategies watch this playlist:
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Watch this entire DeFi Yield Farming video series in 3 parts

Part 1 - What is DeFi?
https://www.academia.edu/47790730/What_is_DeFi_Decentralized_Finance_Yield_Farming_Part_1
https://vimeopro.com/beessocial/yield-farming/video/524025857

Part 2 - Liquidity Pools & Liquidity Providers
https://www.academia.edu/47791357/DeFi_Yield_Farming_Liquidity_Pools_and_Liquidity_Providers
https://vimeopro.com/beessocial/yield-farming/video/524518979

Part 3 - What is Yield Farming? How do Yield Farmers Make Money?
https://www.academia.edu/47791963/What_is_Yield_Farming_Crypto_and_How_Do_Yield_Farmers_Make_Money
https://vimeopro.com/beessocial/yield-farming/video/530441914

Remember that we might obtain payments when you click some links on our website. We try our finest to keep points reasonable and also balanced, in order to assist you make informed decision. For the following 4 years, Compound is offering "liquidity mining" for liquidity providers.

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Yield Farming Cryptocurrency In Decentralized Finance

Yield farming is a cutting-edge new method to earn passive income making use of the Ethereum blockchain. The phrase came to be commonly promoted complying with the distribution of the Compound Finance governance token, which saw investors earn Annual Percentage Returns in excess of 100%. Our Internet site is a financial data as well as information site, discussion online forum, and web content aggregator, so can not alternative to expert guidance and independent verification. Our Content is meant to be made use of and should be utilized for informational purposes just. It is crucial to do your very own research prior to making any kind of investment. Nothing consisted of on our Website comprises a solicitation, referral, recommendation, or offer by defiprime or any type of third party provider to purchase or offer any kind of safeties or other financial tools.

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While certain protocols incentivize liquidity providers with fees, some add a brand-new taste to the equation by including a giveaway of protocol tokens also. One dapp offering liquidity pools that circumnavigates impermanent loss by assisting in trades between assets secured to the same value is Curve Finance. Whenever a user makes a trade via a Uniswap liquidity pool the liquidity providers that added to that pool are rewarded through earning a charge for aiding to facilitate this.

The concept of secure coins is to provide a cryptocurrency without the notorious volatility of Bitcoin as well as other preferred digital assets. As of January 2018 it was largest cryptocurrency exchange with a market capitalization of $1.3 billion. The business was founded in China but relocated its web servers and also headquarters out of China as well as into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017. By March 2018 the company had actually developed offices in Taiwan. Binance is a cryptocurrency exchange that gives a platform for trading different cryptocurrencies. Since April 2021, Binance was the largest cryptocurrency exchange in the world in regards to trading volume.

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Yield Farming On Decentralized Finance: Beginners Guide To Earning Interest On Your Crypto Cryptocurrency

What is DeFi (Decentralized Finance)
https://vimeopro.com/beessocial/yield-farming/video/524025857

What Are Liquidity Pools?
https://vimeopro.com/beessocial/yield-farming/video/524518979

How do Yield Farmers Make Money?
https://vimeopro.com/beessocial/yield-farming/video/530441914

For more videos watch this playlist:
BeesSocialTV
https://www.youtube.com/playlist?list=PLT3ArNsa9k19YcQ8G-2Y6y0fq8OYb5ld5

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BeesSocialTV
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