Yield Farming Beginners Guidebook

What is yield farming crypto? Vince Wicker from the BEES.Social crypto community lays it out in simple terms how DeFi works, the purpose of liquidity pools and liquidity providers, and finally how yield farmers get rewards.

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Defi Yield Farming Cryptocurrency Explained For Crypto Illiterates

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

For more videos about DeFi Yield Farming and strategies watch this playlist:
https://www.youtube.com/playlist?list=PLT3ArNsa9k19UeQ5RLppkhkhHCKFOKZyV

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https://independent.academia.edu/defiyieldfarming

Check out this entire DeFi Yield Farming video series in 3 parts

Part 1 - What is DeFi?
https://www.academia.edu/47790730/What_is_DeFi_Decentralized_Finance_Yield_Farming_Part_1
https://vimeopro.com/beessocial/yield-farming/video/524025857

Part 2 - Liquidity Pools & Liquidity Providers
https://www.academia.edu/47791357/DeFi_Yield_Farming_Liquidity_Pools_and_Liquidity_Providers
https://vimeopro.com/beessocial/yield-farming/video/524518979

Part 3 - What is Yield Farming? How do Yield Farmers Make Money?
https://www.academia.edu/47791963/What_is_Yield_Farming_Crypto_and_How_Do_Yield_Farmers_Make_Money
https://vimeopro.com/beessocial/yield-farming/video/530441914

The user after that stakes the DEX's liquidity provider token on the project site, and also obtains interest in the type of the brand-new token gradually. If everybody purchases from the LP, your LP token worth will certainly increase, when determined in USD.

Deposited funds are stablecoins pertaining to the USD such as DAI, USDC, USDT, and so on . This website is intended to provide a clear recap of Ethereum's present and also historic price along with vital updates from the industry. Ethereum ERC20 token prices can likewise be discovered in the menu options together with various other coin data such as BTC, XRP as well as others.

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