Overview to DeFi Yield Farming

What is decentralized finance and yield farming? Vince Wicker from the BEES.Social crypto community explains in simple terms how decentralized finance works, the purpose of liquidity pools and liquidity providers, and finally how yield farmers earn money.

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Defi Yield Farming Crypto Explained For Newcomers

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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Check out the 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 then risks the DEX's liquidity provider token on the project website, as well as gets interest in the kind of the brand-new token over time. If every person purchases from the LP, your LP token value will increase, when determined in USD.

Deposited funds are stablecoins pertaining to the USD such as DAI, USDC, USDT, etc . This website is meant to provide a clear recap of Ethereum's current as well as historical price as well as essential updates from the industry. Ethereum ERC20 token prices can also be discovered in the food selection options along with various other coin data such as BTC, XRP and others.

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