What is DeFi yield farming? Vince Wicker from the BEES.Social crypto community presents it in simple terms how DeFi works, the purpose of liquidity pools and liquidity providers, and finally how yield farmers earn money.
To join our cryptocurrency community go to https://BEES.Social and sign up daily news and updates.
A Newcomer's Guidebook To Yield Farming
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:
Please subscribe to the BEES.Social channel for updates and news
BeesSocialTV - https://www.youtube.com/c/BeesSocialTV/
Follow the BEES.Social Crypto Community Online:
Check out the DeFi Yield Farming video series in 3 parts
Part 1 - What is DeFi?
Part 2 - Liquidity Pools & Liquidity Providers
Part 3 - What is Yield Farming? How do Yield Farmers Make Money?
Keep in mind that we may receive payments when you click on some links on our website. We try our ideal to keep things fair and also balanced, in order to aid you make informed choice. For the next 4 years, Compound is supplying "liquidity mining" for liquidity providers.
Deposited funds are stablecoins related to the USD such as DAI, USDC, USDT, etc . This web site is intended to provide a clear summary of Ethereum's existing and also historic price in addition to vital updates from the sector. Ethereum ERC20 token prices can likewise be discovered in the menu options in addition to other coin data such as BTC, XRP and also others.
Watch On YouTube