Angel investor and writer Tony Sheng explains what yield farming is, why it's been such a craze, and whether or not the trend is sustainable. We discuss:
how yield farming works how people could potentially earn 100% in annual percentage yields from it why people can earn more from lending or borrowing certain tokens vs. others how people can earn from borrowing at all how much leverage people are playing with the three ways people can lose their money while trying to yield farm and what the long-term significance is of yield farming for cryptoUnchained is hiring!
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Crypto.com: https://crypto.com
Nexo: https://nexo.io
DeversiFi: https://deversifi.com
Episode links:
Tony Sheng: https://twitter.com/tonysheng
Tony's newsletter: https://www.tonysheng.com
Beware illiquid markets: https://tonysheng.substack.com/p/beware-illiquid-markets-lessons-from
Yield farming is the new GPU mining: https://tonysheng.substack.com/p/yield-farming-is-the-new-gpu-mining
How to earn 100% annual interest yield farming: https://twitter.com/tonysheng/status/1274393189231689728
How you might lose your funds yield farming: https://twitter.com/tonysheng/status/1274780457729617920?s=20
Links from news recap:
https://unchainedpodcast.com/why-chamath-palihapitiya-believes-in-bitcoin/
The 'Brilliant Asshole' Who Almost Blew Up Coinbase - Ep.126
Bitcoin at the 3rd Halving: What We See From On-Chain Data - Ep.125
A Bitcoin Price of $115,000 Next Year? - Ep.124
Why 2020 Will Be the Year Bitcoin Becomes a Mature Asset - Ep.123
Haseeb Qureshi on the Unbelievable Story of the $25 Million Lendf.me Hack - Ep.122
12 Big Class-Action Lawsuits in Crypto: What, Who, How and Why - Ep.121
China's Crypto Industry and DCEP in the Time of Coronavirus - Ep.120
Coronavirus Relief and Its Impact on the Crypto Markets - Ep.119
What Happened on BitMEX During Black Thursday - Ep.118
Blockchain Tech's Storytelling Problem and How to Solve It - Ep.117
Coronavirus: How It Will Impact Bitcoin and the Halving - Ep.116
Steemit Chaos: Why Justin Sun and the Community Are at War - Ep.115
How Avanti Will Be a 'Not Your Keys, Not Your Coins' Bank - Ep.114
How 2 DeFi Attacks Made Almost $1 Million in Profit - Ep.113
SEC Commissioner Hester Peirce on Her Safe Harbor Proposal - Ep.112
Elizabeth Stark, CEO of Lightning Labs, on the Launch of Loop - Ep.111
Want a Job in Crypto? Exchanges Are Hiring - Ep.110
How DeFi Liquidators Make Money With Just Bots - Ep.109
PoolTogether: Save Money, With a Chance to Win - Ep.108
Why Bitcoin Outperformed Most of the Crypto Assets in 2019 - Ep.107
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