How to start farming, what yield even is, where it comes from & why its so important for DeFi
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What the hell is yield and why are we farming it!?! Yeah dunno fam, just what some anon cartoon character on Twitter told me to do.
It do be facts tho.
Yield farming has blown up in popularity as DeFi has grown to new heights in 2020/2021.
A new mechanism for token distribution? Yes.
More decentralization & community owned governance? Duh.
Less VCs and wacko presales? Ofc.
250%+ APYs that ‘print’ money? Sometimes.
Welcome to episode two of our zero to hero defi series, learn about yield farming below!!
🙏 Big Ups To Our Great Sponsor Aave: Earn Interest & Leverage Your Assets with Aave, a non-custodial money market protocol leading the #DeFi charge.
Zero To Hero DeFi: Ep #2 What is Yield Farming?
You know what they say…not your keys, not your coins 😉
⚠️ DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. At certain points throughout this post, we might get commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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- Big dip Is $DAI good? Yep on peg Aave and Compound up and running? Ye Gas is high? Yea bots & liquidations ppl panicking too Uniswap and sushiswap tons of volume? Good Cool. is running smoothly Happy Valentine’s Day ❤️