Decentralized Finance (DeFi) is the killer use case for Ethereum, and is one of the major reasons ETH has appreciated so much in 2021. Today we welcome Taiki onto the channel to give us an introduction to DeFi and yield farming to generate passive income on your dollars. Video by Benjamin Cowen in Collaboration with Taiki Maeda.
Timestamps:
0:00 Intro
1:12 Video Overview
1:37 What is DeFi?
1:58 Borrowing & Lending (AAVE)
3:42 Decentralized Exchange (Uniswap)
5:55 What is Impermanent Loss?
9:10 What is Yield Farming?
11:15 Analogy for Liquidity Mining (Facebook)
12:50 How to Get Started with DeFi
14:20 Tutorial: Let’s Generate Passive Income!
15:45 AAVE: Borrow & Lend
16:48 Curve: 20% APY on Dollars
20:06 Sushiswap: Providing Liquidity
25:42 Wrap Up & Summary
