Decentralized finance or DeFi has become a buzzword in the cryptocurrency space over the past couple of years, and yield farming is one of the most popular applications of DeFi. Yield farming allows users to earn passive income by lending or staking their cryptocurrencies in decentralized protocols. In this video, I will provide an overview of yield farming and how it works so you as a beginner can understand and potentially start to invest in this space.
Chapters 00:00 Yield Farming Intro 00:36 Welcome to My DeFi LIFE 01:08 Yield Farming 01:39 Types of Yield Farming 01:48 Lending Protocols 02:18 Liquidity Provision 02:58 Staking Protocols 03:35 Liquidity Mining 04:02 Yield Aggregators 04:47 Example Protocols 06:16 Expected Returns 07:41 Yield Farming Tips 09:19 Conclusion
Yield Farming Protocols 1. Compound (COMP): A lending protocol that allows users to earn interest on their cryptocurrency deposits and borrow other cryptocurrencies. 2. Aave (AAVE): A lending protocol that allows users to earn interest on their cryptocurrency deposits and borrow other cryptocurrencies. 3. Uniswap (UNI): A decentralized exchange (DEX) that allows users to trade cryptocurrencies and provide liquidity in exchange for rewards. 4. Sushiswap (SUSHI): A decentralized exchange (DEX) that allows users to trade cryptocurrencies and provide liquidity in exchange for rewards. 5. Curve Finance (CRV): A decentralized exchange (DEX) that specializes in stablecoin trading and allows users to provide liquidity in exchange for rewards. 6. Yearn Finance (YFI): A yield aggregator that automatically allocates users' cryptocurrency to various yield farming strategies to maximize returns. 7. Harvest Finance (FARM): A yield aggregator that automatically allocates users' cryptocurrency to various yield farming strategies to maximize returns. 8. PancakeSwap (CAKE): A decentralized exchange (DEX) on the Binance Smart Chain (BSC) that allows users to trade cryptocurrencies and provide liquidity in exchange for rewards. 9. Animal Farm (FARM/LENDING PROTOCOL): Animal Farm is the first deflationary, fully decentralized ownership yield farm/lending protocol in DeFi, where participants earn as owners of the network. It has many unique mechanics.
EARNINGS DISCLAIMER: This video is for educational and entertainment purposes only. There is no guarantee that you will earn any money using the techniques and ideas mentioned in this video. This is not financial advice. I am not responsible for your financial success or failure thats all on you.
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