Yield farming, the hot trend in crypto that started in 2020, continues to rise in popularity and interest. The big question most people needed answered though was, “What is Yield Farming?” Fortunately the crypto education community from BEES.Social answered the call with a fantastic video series that explains all the components and terminology around yield farming.
DeFi Expert Vince Wicker from BEES.Social
There is a lot of terminology that people need to understand so that they fully grasp how yield farming works and everything that is involved to be successful while mitigating risk. Vince Wicker breaks it down in simple terminology that newbies and anyone interested in learning crypto can understand.
DeFi Yield Farming Explained in 13 Minutes
Forget about all the tech and crypto expert Youtube influencers that talk about how much money they are making and how you might not have enough money to make it worth doing. The video from BEES.Social is going to focus on educating you about what yield farming is, how it works, and how yield farmers are making money. Watch the yield farming tutorial below.
What You Will Learn
A few of the terms you will learn about are:
- DeFi – Decentralized Finance
- The Blockchain Ethereum Network
- Liquidity Pools
- Liquidity Providers
- Smart Contracts
- Automated Market Makers
- Yield Farming
What is DeFi? (Decentralized Finance)
In the first part of the video series Vince first breaks down the term DeFi so that people understand what it is.
Liquidity Pools and Liquidity Providers
How to Make Money Yield Farming
The BEES.Social Crypto Community
Anyone can join BEES.Social where people find the most supportive group of cryptocurrency people on the entire internet. Not everyone there is an investor, some people are just there to learn and socialize with others to find out more about blockchain and DeFi projects.
My Name is Glenn Orth and I am also the main source from the ‘Medianews.ca’ of all the exclusive and most delicate visualization of the activities in the business sector. My first step towards this journey was taken in the very early years of my life. I started with an independent financial consultant. However, I only had almost 5 years of skills and experience in this market. I have always been a free personality and like to fly one place to another, to explore more and more. Moreover, this passion and craze of traveling gave me a chance to report a section for best news associations. Last but not least, I am presently working full-time as an editor.