What is decentralized finance and yield farming? Vince Wicker from the BEES.Social crypto community explains in simple terms how decentralized finance works, the purpose of liquidity pools and liquidity providers, and finally how yield farmers earn money.
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What Is Yield Farming? Beginners Guide
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
Bear in mind that we might get payments when you click on some web links on our site. We attempt our best to maintain things reasonable and also balanced, in order to aid you make informed choice. For the next 4 years, Compound is supplying "liquidity mining" for liquidity providers.
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