Cryptocurrency Beginners Overview

Cryptocurrency Beginners Overview
What is DeFi yield farming? Vince Wicker from the BEES.Social crypto community presents it in simple terms how decentralized finance works, the purpose of liquidity pools and liquidity providers, and finally how yield farmers make money.

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What Can You Do With Yield Farming Cryptocurrency?

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://medium.com/opes-dot-finance
https://independent.academia.edu/defiyieldfarming

You can also watch 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 web site, and also gets interest in the type of the brand-new token with time. If everybody purchases from the LP, your LP token value will boost, when determined in USD.

Deposited funds are stablecoins related to the USD such as DAI, USDC, USDT, and so on . This web site is planned to provide a clear summary of Ethereum's existing as well as historical price as well as important updates from the sector. Ethereum ERC20 token prices can likewise be located in the food selection choices together with various other coin data such as BTC, XRP and also others.

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Cryptocurrency Beginners Overview was originally published here https://topmagazinewire.blogspot.com/2021/05/cryptocurrency-beginners-overview.html