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Decentralized Finance 101 in 15 minutes
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If you like making money, you have to learn about DeFi. This page will show you real DeFi money-making opportunities (and their risks). You will get actionable examples & expert advice! And, I’ll give you more resources to keep learning.
*This doc is strictly educational and not financial advice.
🧑🏽🌾 Yield Farming
🏦 Staking
🤝 Lending
🪂 Airdrops
Explanation: You can buy and sell tokens (like a stock). Buy low and sell high, so simple isn’t it 😉
Risks: general DeFi risks. Since it’s so new, DeFi is way bigger ups & downs than the stock market. It is very common for tokens to go to zero. For normal people, it is best to invest in tokens (like $BTC & $ETH) that will be the most resilient to hard times (aka tokens with the most real-world utility).
Examples (5 yr increase): $BTC (1,000%), $ETH (575%), over 1700 tokens have gone to 0 😯
Explanation: Yield farming basically means using DeFi to maximize returns. I am going to cover 3 methods - staking, lending, & providing liquidity.
Learn more about yield farming here.