Yield Farming Introduction - Crypto DEFI Beginners - Part 4

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About The Video:

In this fourth part of my video series going over the top ways to make passive income from cryptos, I take a look at yield farming.

So, yield farming has been one of the most popular areas of cryptocurrency DEFI over the last months, with farms moving off the Ethereum chain and expanding outwards into an ever-growing ecosystem of farms and DEXes. It's been a bit wild-West...

I talk a little about the basics - how we provide liquidity on decentralised exchanges, receive 'LP tokens' once we do, and how we can then stake our LP tokens in the crypto 'farms' and earn yet more crypto rewards...

I go through the process, providing liquidity to a crypto pair on Sushiswap before staking the LP on Bao finance.

It's a brief overview of yield farming for beginners, and in the next video I'll talk about why these farms seem to be giving out free cryptos and some of the risks I've learnt to watch out for so far in my experience with yield farming.

DEFI (Decentralised Finance) Beginners Playlist:

https://www.youtube.com/watch?v=QBG2gtw4Flw&list=PLSp_9hRpu6lIsDWgMY9Eqdr8qcIbV8JP0&ab_channel=SocialTradingVlog

Etoro Beginners Playlist: https://www.youtube.com/watch?v=-qeBPdi5LR8&list=PLSp_9hRpu6lKOj-KjMnlULlG62zXNIBz9

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Видео Yield Farming Introduction - Crypto DEFI Beginners - Part 4 канала Social Trading Vlog