BREAKDOWN: A Simple Explanation of DeFi and Yield Farming Using Actual Human Words
A primer on yield farming, liquidity mining, automated market making and all the other terms shaping the brave new world of decentralized finance.
Jul 22, 2020
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ABOUT
A primer on yield farming, liquidity mining, automated market making and all the other terms shaping the brave new world of decentralized finance.
This episode is sponsored by Bitstamp and Crypto.com.
Today on the Brief:
- US Gov’t forces China’s Houston consulate to close
- US previously-owned housing market grows 20.7% May to June
- Insider stock selling reaches record levels
Our main discussion: DeFi 101
Today’s episode of The Breakdown is a primer for anyone who has lost track of the terminology surrounding decentralized finance. In it, NLW goes over:
- 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
HOST
CoinDesk
CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.
We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.
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