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
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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/
Kyle Samani on How 2020 Will Be the Year of Small Success Stories - Ep.106
How I Got SIM Swapped -- and How to Protect Yourself - Ep.105
Meltem Demirors on the First Decade of the Existence of Bitcoin - Ep.104
Larry Cermak of The Block on What 90% of Bitcoin Trading Is For - Ep.103
What Quadriga Really Was: 3 Theories About Gerald Cotten - Ep.102
How to Get 7% of Your Purchases Back in Bitcoin - Ep.101
How MakerDAO Now Features a Risk-Free Rate - Ep.100
An Interview With the Anonymous Developer of HKmap.live - Ep.99
Why Employees Cheered After Jihan Wu's Coup at Bitmain - Ep.98
Why the Digital Yuan Could One Day Be Seen as a Blunder - Ep.97
How the Hong Kong Protests Gave a Boost to Gods Unchained - Ep.96
How Bitcoin Led to the Demise of the Largest Child Porn Site - Ep.95
Althea Network: How Ethereum Is Used in the Real World - Ep.94
How Block.One Got Away With Just a $24 Million Penalty - Ep.93
Nick Tomaino on Why He Is Skeptical Libra Will Be Significant - Ep.92
How Tether's Surge on Ethereum Is Affecting Bitcoin - Ep.91
How Cryptocurrencies Could Threaten the State - Ep.90
Why Bitcoin Dominance Is at 70% - Ep.89
Why Ryan Zurrer Would Like to See a New DAO - Ep.88
Accepting Bitcoin Since 2011: Room77 in Berlin - Ep.87
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