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Unconfirmed: Insights and Analysis From the Top Minds in Crypto

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Jun 26, 2020

Angel investor and writer Tony Sheng explains what yield farming is, why it's been such a craze, and whether or not the trend is sustainable. We discuss:

  • how yield farming works
  • how people could potentially earn 100% in annual percentage yields from it
  • why people can earn more from lending or borrowing certain tokens vs. others
  • how people can earn from borrowing at all
  • how much leverage people are playing with
  • the three ways people can lose their money while trying to yield farm
  • and what the long-term significance is of yield farming for crypto

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Episode links: 

Tony Sheng: https://twitter.com/tonysheng

Tony's newsletter: https://www.tonysheng.com

Beware illiquid markets: https://tonysheng.substack.com/p/beware-illiquid-markets-lessons-from

Yield farming is the new GPU mining: https://tonysheng.substack.com/p/yield-farming-is-the-new-gpu-mining

How to earn 100% annual interest yield farming: https://twitter.com/tonysheng/status/1274393189231689728

How you might lose your funds yield farming: https://twitter.com/tonysheng/status/1274780457729617920?s=20

Links from news recap:

https://unchainedpodcast.com/why-chamath-palihapitiya-believes-in-bitcoin/