Crypto Yield Farming | What Is Yield Farming | Yield Farming Explained ✨

Crypto Yield Farming | What Is Yield Farming | Yield Farming Explained ✨

Yield Farming Is A Crypto Currency Investing Method That Promises Higher Returns Than Most Traditional Investments Currently Give. It Might Be An Opportunity For The Brave To Strike It Rich – Or For Holders Of New Currencies To Influence Pricing.

The Securities And Exchange Commission Of The United States Has Warned The Sector That It Has Doubts, Particularly About Whether The Activity Should Be Regulated As A Securities Offering.

When You Deposit Money In A Bank, You Are Basically Making A Loan For Which You Receive Interest. Yield Farming, Also Known As Yield Or Liquidity Harvesting, Entails Leasing Crypto Currency. In Exchange, You Get Interest And Occasionally Fees, Although They're Less Significant Than The Practice Of Augmenting Interest With Gifts Of Units Of A New Crypto Currency. The True Benefit Comes If That Currency Appreciates Fast. It's Like If Banks Were Attracting New Depositors With The Promise Of A Tulip During The Dutch Tulip Mania, Or A Toaster, If Toasters Were The Subject Of Frenzied Speculation And Price Volatility.

So, How Exactly Does It Work?

First, Do You Know What A Dapp Is? That's Abbreviation For A Decentralized App. Ethereum Co-founder Vitalik Buterin Uses The Following Analogy To Describe The Concept: If Bitcoin Is A Pocket Calculator, Platforms With Dapps Are Cellphones, But Ones On Which Automated Applications Run Without The Need For A Central Operating System Or Server. Many Of Them Rely On The Ethereum Blockchain, Which Is A Digital Ledger. The Simplest Technique Is To Lend Digital Currency Like Dai Or Tether Through A Dapp Like Compound, Which Then Loans The Coins To Borrowers, Many Of Whom Use Them For Speculating. Interest Rates Change According To Demand, But For Each Day You Participate In The Compound Service, You Receive Additional Comp Coins As Well As Interest And Other Expenses. If The Comp Token Grows In Value Your Profits Will Skyrocket As Well.

Keep watching to Learn More about Yield Farming

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

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⏰Timestamps⏰ 00:00 Intro 00:17 What is Yield Farming 01:50 Outro ... https://www.youtube.com/watch?v=N1P46KKOV7w