If you have seen the crazy apy yield projection on various farms and defi platforms & are curious if they are legit or straight up scam, follow me as we dive into the world of high risk crypto yield farming & staking, i spend 50k of my own money so you do not have to. These are mainly done on the BSC binance smart chain with Pancakeswap LP. Is Defi, aka decentralized finance the future?
In Part 1 of this series, we discuss how to use the financial tool known as hedging to profit effectively from the high APY offered on Pancakeswap staking pool with USD downside protection in the event where the $CAKE token goes down in value: https://youtu.be/Teqp6AhpXGc
You my refer to this video for a Beginner's Guide & Tutorial PancakeSwap's staking and yield farming: https://youtu.be/iUyDmYOrwS4
Disclaimer: The contents of this video shall not be construed as tax, legal, insurance, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information.
This video is for entertainment purposes ONLY. DO NOT make buying or selling decisions based on my videos. If you need professional advice, please contact a qualified attorney, insurance agent, contractor/electrician/engineer/etc., financial advisor, or the appropriate professional for the subject you would like help with. Any mention of asset or securities available for sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only.
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE YOUR CAPITAL OR MORE. Do not risk any money you cannot afford to lose. I am not a financial advisor. I do not provide trading or investment advice. Information contained herein should not be considered a solicitation to buy or sell any security, asset or commodity or engage in a particular investment strategy. Performance results are hypothetical and all trades are simulated. Past performance is not necessarily indicative of future results.
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