Yield Farming Explained | A Beginners Guide

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.

MY DEFI LIFE OFFICIAL LINKS
website: http://www.mydefilife.com
Defi Life TG Group: https://t.me/+EOCuiJf2lowyMTY1
Twitter: https://twitter.com/Brusca
Open Sea: https://opensea.io/Brusca
Promotions and Enquiries: [email protected]


DEFI LIFE TEAMS
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DRIP TEAM DEFI LIFE 1 (OG)
https://bit.ly/3sLTRf1
My Buddy Address (0x3eF4b90F60992f242D1B3fB97641F63f677cBB5A)

DRIP TEAM DEFI LIFE 2 (Second Wallet)
http://bit.ly/3VaOsKP
My Buddy Address (0xfc0d8C23048059e129f338905e6D20fD95cbBCA4)

JOIN THE ANIMAL FARM
https://bit.ly/3V9kRBV

ELEPHANT MONEY HERD TEAM
https://elephant.money
Herd Address: 0x3eF4b90F60992f242D1B3fB97641F63f677cBB5A


MY LATEST RESOURCES
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COMPOUND CALCULATORS
https://bit.ly/3oSfqZ0

LIVE STREAM AIRDROP PLAYLIST
https://www.youtube.com/playlist?list=PLlFz_l_AvGPIwaIaLxjEDQG-lN0-PAy_6

DRIP NETWORK STRATEGIES PLAYLIST
https://www.youtube.com/playlist?list=PLlFz_l_AvGPIoo74ZqV2Qy5oryQ2Rn_S-

DRIP GARDEN PLAYLIST
https://www.youtube.com/playlist?list=PLlFz_l_AvGPLrDyjbeWHyVZ9xMFIUs2wJ

ANIMAL FARM PLAYLIST
https://www.youtube.com/playlist?list=PLlFz_l_AvGPKGPBWAJcEZmSKuEI2BZ5Tk


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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.

AFFILIATE DISCLOSURE:
This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. I don't review anything that I haven't personally invested in myself. These videos take a long time to make, thank you if you have used my links.