I came across a well-produced podcast from Nathaniel W. - personally, I find it quite hard to stay on top of all Tokens in the Defi space and be able to understand what is going on. I have a similar feeling to the ICOs in 2017 - EVERY project was sold like the NEW bitcoin and in the end, the average Joe lost big time, as usual.
However, listen to this podcast. Well explained and foremost, it is easy to understand!
A Simple Explanation of DeFi and Yield Farming Using Actual Human Words
Topics covered:
- DeFi’s background and origins
- Market making in a traditional context
- Automated market making
- How liquidity mining incentives economic participation
- How decentralized exchanges differ from centralized exchanges
- What “yield farming” actually means
- Why we shouldn’t be concerned about the Yield Farming bubble
Stay safe, leave me a comment if you like.
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