Tutorial to Yield Farming
What is decentralized finance and yield farming? Vince Wicker from the BEES.Social crypto community explains in simple terms how decentralized finance works, the reason for liquidity pools and liquidity providers, and finally how yield farmers get rewards. To join our cryptocurrency community go to https://BEES.Social and sign up daily news and updates. What Is Yield Farming Crypto? Beginners Guide DeFi Yield Farming Chapter Index 00:00:03 Introduction to DeFi Yield Farming Terminology 00:00:48 What is DeFi (Decentralized Finance)? 00:03:17 Smart Contracts on the Ethereum Network 00:04:00 What are Liquidity Pools 00:06:23 Who Are Liquidity Providers and Trading Fees 00:07:00 Automated Market Makers in the Smart Contracts 00:08:10 How DeFi Yield Farming Works 00:09:49 Balancer Liquidity Pools 00:10:15 Staking in BEES.Social Liquidity Pools - Yielding Tokens 00:11:20 Three Ways Yield Farmers Make Money For more videos about DeFi Yield Farming and strategies watch this playlist: https://