What is DeFi yield farming? Vince Wicker from the https://BEES.Social crypto community explains in simple terms what DeFi (decentralized finance) is, the purpose of liquidity pools and liquidity providers, automated market makers and smart contracts, and finally how yield farmers make money. To join our cryptocurrency learning community go to BEES.Social and sign up for daily cryptocurrency news and updates on the latest videos on BEESSocialTV
Yield farming is a new way users are generating income with cryptocurrency that has become a major phenomenon that started in 2020. From its sudden explosion in the summertime of 2020, yield farming has grown in popularity bringing huge amounts of money into the DeFi ecosystem. Smart contract protocols are a big part of the technology with crypto.
DeFi Yield Farming Crypto in 2021
DeFi Yield Farming Chapter Index 0:00 DeFi Yield Farming Explained 0:03 Introduction to DeFi Yield Farming Terminology 0:48 What is DeFi (Decentralized Finance)? 3:17 Smart Contracts on the Ethereum Network 4:00 What are Liquidity Pools in Crypto 6:23 Who Are Liquidity Providers and Crypto Trading Fees 7:00 Automated Market Makers in the Smart Contracts 8:10 How DeFi Yield Farming Works 9:49 Balancer Liquidity Pools and Curve 10:15 Staking in BEES.Social Liquidity Pools - Yielding Tokens 11:20 Three Ways Yield Farmers Make Money
