Look brother, If you just keep this up, keep producing videos no matter how simple you think they may be to you, they will be very informative to other people and you will be soon the most popular Crypto/Financial Channel on RU-vid. You were so awesome I literaly just watched very video you have in one sitting man tonite.... Brother keep going keep going keep going. God Bless from USA GA, Luda Miz Crypto
I will now laugh every time someone calls yield farming “passive income.” This requires A LOT of continuous tracking and research… and figuring out taxes after that many transfers, rewards, and air drops! 😣 Hats off to the individuals who can make $$ doing this!
@@crunkpunk419 question for you. If you provide liquidity for ETH, do the taxes work the same as just owning it? Even though you don’t own eth, you own the LP token?
Got to say. This is one of the best crypto explanation channels I've ever come across. I just got into this space and the speed of the movement around DeFi and liquidity pools quickly overwhelmed. Me. Your videos have been a big help in actually understanding what is going on and knowing what tangibly is happening.
You are so right about the Channel... I am new too.. But the understanding I have about this industry is coming from this channel. All Glory to the Holy spirit.
Just a few of the unanswered questions in the very first explanation: What is Synthetix? What does "adding liquidity" mean? What is SETH/ETH pool? What is Uniswap? What are SNX tokens? Other than the fact that you threw all of those terms at us back-to-back without explaining any of them, this was a great explanation.
Thanks for your feedback. Unfortunately to explain every single concept in every video each video would have to be 20+ minutes long which would take me something like 40 or more hours per video :)
You are extremely knowledgable in these areas - I know now how my grandparents must have felt when they first met someone trying to explain to them what a computer was and it's future potential. I realize now that the crypto mountain I just climbed with much struggle, is minuscule compared to what peaks lies ahead of me.. Thanks for your great teachings
Calmest voice in all crypto youtube industry. Such a great alternative to all those super-hyped kids who contradict themselves from one day to another. Facts, explanations, no bat-shit-crazy x 1000000000 gain overnight FOMO push videos for bitchbait cash. So cool, I mean I would listen to you talking about nail polish remover if that would be the next topic chose in the coment. Please just keep it up :D
There are many avenues to farm DeFi yields and many ways on how to go about them. One way to farm yields on DeFi is through liquidity pools. Here we have protocols like Anyswap, Uniswap, Burgerswap, etc. Anyswap is a coin swap protocol and offers rewards to users for providing liquidity. For example, there are up to 15 million ANY available as liquidity rewards to users eng.ambcrypto.com/yield-farming-lessons-for-investors/
Man what you are doing in your channel is fantastic. Above excellent explanation and easy understanding, plus a great video edition. Thanks for this, you really help to the new DeFi community!
I am feeling so stupid being not able to understand all of these while everyone else in the comment section below praising him of his excellent work. :D Thanks for the video anyway
The crypto world is rapidly changing by the month and is in such a progressive stage right now. Don't lose sleep over it. There's still plenty of opportunities
@Hisham Ferjani Yes and if it is not crypto, it will be something else. But as for now, the crypto world is still in an extremely early stage of development. PoS is only a couple of years old and yet people are still mining which is already a 7 year old crypto-earning strategy. Just need to diversify the ways in which you know how to profit.
Same. I was deep into crypto in 2017 and was fairly knowledgeable then but the info curve is exponential in this space. I can hardly keep up but I'm getting there. Watched like 5 vids just today to understand the whole DeFi space better.
I usually watch info vids from 1.5-2x speed but this was one of the few vids in a while that I had to watch at normal speeds. lol. great job on explaining.
Well that sure was informational! I just don't even know where to start now. LMAO. I am gonna rewatch the video all at once and hopefully retain more this time. I stay medicated too much haha
Please make a video on how to identify good Yield farming projects. How do you identify the next opportunity should a projects yield be no longer lucrative?
Nicely explained video! I am using yield farming on Anyswap...i learned that from here: www.newsbtc.com/press-releases/any-yield-farming-with-anyswap-pool/ Great network to work with.. ;)
❓What is your favourite yield farming strategy? 👍Hit the like button if you enjoyed this video 🐦Follow Finematics on Twitter ► twitter.com/finematics 💛Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics
I listen to this guy many times everyday. This Guy has made me who I am in crypto trading/investing. This sounds like Quinton of young & investing. I make money now because of this Guy. This guy does not bullshit.
Such a great way of making those videos understandable for anyone, well done mate 👍! You never say anything about ELROND that’s even better and faster comparing with ethereum
DRIP is the king of defi yield farming.With launch of the v2 animal farm later this year, DRIP will have the strongest ecosystem in defi. It has a very large community and it's main developer has a long and trustworthy trackrecord. I'm not a financial advisor, but to me the future of DRIP looks very bright.
Actually, yes. Great channel. The narrative is excellent. I would personally like to see a different style of drawing animation though. The "writing hand" is ok but for longer and more complex slides turns bit too repetitive. The content again: terrific. Keep it up man!! cheers
Good news sir! We just started on 2nd October and offer reasonable daily return (3% to 6%) defi smart contract with guaranteed reserved fund! Minimum only 10 trx.All the best!
Hello! I enjoy your videos. They're easy to follow with lot of content to disgust. I was hoping you could do a video explaining YFI's Yvaults? Either way ill be back for what you put out next. Thanks!
Just found out about this channel, great stuff. Not ashamed to say that i still don’t really grasp this yield farming idea. Complicated stuff. Going to watch the explanation for a second time! Edit: i get it now, thank you!
Yield farming or liquidity mining is the latest trend in the cryptocurrency space. Many new decentralized applications (DApps) are trying to incentivize crypto-asset owners to provide liquidity in their platforms. This is done by distributing their native governance tokens to their liquidity providers as a financial incentive. Many crypto owners are now constantly generating passive income by depositing their idle assets into liquidity pools. While the annual percentage yield fluctuates, it is common to see higher than 100% annual percentage yield (APY). This surreal yield significantly outperforms the interest rates of saving accounts offered by traditional banks. www.newsbtc.com/press-releases/any-yield-farming-with-anyswap-pool/
Good subject next might be to explain how to check out what different coins/tokens do - how to check use cases, daily trading volume, whether there is wash trading happening, etc etc. Just an idea
@@jesseeckel9139 yeah, I put money into potential altcoins and do a bit of trading. Would like to connect with you. I can be reached at @kenviro in Telegram.
High risk, high potential reward. BUT: also high potential loss. This yield farming will likely cause a lot of People to lose A LOT of money. It then either dissappears all together or will get regulated I think. High risk is called high risk for a reason; once it goes wrong, it goes wrong badly
Could you speak about the new "Binance Liquid Swap" ? In particular about the "liquidity provider" side of the equation? and the risks involved? Thank you
Al great info but the organization and structure of how all the different strategies need a bit better organization and explanation. For instance, liquidity mining being one of several strategies a person can use. Possibly laid out as follows. Stategies: 1) Lending 2) Borrowing 3) Liquidity Mining 4) Leverage 5) Staking new tokens
When j 1st heard about this last year i should have gotten started on it. 1 year later I'm barely getting started and now everything is super expensive
I think you have done very well in explaining what defi is all about. But for most of us, it's still very confusing. the question is......how do we expect the adoption of protocols and systems if the general public don't even know how bitcoin works let alone hearing what defi is. Don't expect your uncles and aunties or granpas and grandmas to jumpship from traditional banking system anytime soon. And this is the problem with the crypto currency industry. The crypto world needs to be simplified in order for the average Joe Blow to use it. The whole world needs an education about defi. Until then, those greedy filthy rich families will keep running the financial world. Technological innovation is not a marketing strategy. The sooner the crypto industry realise that, the better.
Good question. I believe that DeFi in the future will be completely hidden from the less sophisticated users. You can imagine having a wallet or a bank account that offers you certain return on your asset the same way as saving accounts in traditional finance. You won't have to know how your money is used under the hood to generate that yield. We can slowly see some movement into this direction by smaller bank accepting stable coins and crypto wallets integrating with DeFi protocols.
I love the information. I have to use CC because something about that voice drives me absolutely insane and it is by far the the worst voice in the world to listen to. But best info out there. I appreciate it.
hi finematic! Just come across your fantastic storytelling videos on defi and I love it!! Wanna ask your permission to translate them into Mandarin to share with more folks in CN community
Most of these protocols aim at having a fully decentralized governance and the only way to have a meaningful vote will be to have a substantial amount of coins. On top of that some of these coins may reward the holders with some profit sharing in the future, same way as Kyber is currently generating revenue for the holders. So there is a lot of speculation when it comes to the future value of these coins.
Yield Farming was never been easy. That's why I salute Tinfoil Finance for making it easy to enable users of all levels to experience exponential compounds on yield farms.
When speaking about Leverage risks I think the author confused undercollateralized with overcollateralized because obviously the latter can't be subject to liquidation.
