Last episode we discussed how to earn interest on your crypto using centralized platform such as https://nexo.io. Crypto being crypto, there are decentralized methods to earning interest — called “yield farming”. Cutting out the middleman can provide a much higher return on your assets but there are risks we need to discuss.
During today’s episode we cover the various ways that defi platforms can provide services that allow you generate that interest. I discuss the four primary ways that interest can be earned on these platforms. And of course we talk about risks of using a decentralized platform.
News
Links
defi yield earning platforms
https://www.anchorprotocol.com
solana based platforms
Podcasting 2.0 Apps Available at http://newpodcastapps.com/
I can be reached by email at mcintosh@genwealthcrypto.com and on twitter at @McIntoshFinTech. My mastodon handle is @mcintosh@podcastindex.social. Looking forward to hearing from you!
Website
Music Credits
Protofunk by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4247-protofunk
License: https://filmmusic.io/standard-license
The following music was used for this media project:
Music: Ethernight Club by Kevin MacLeod
Free download: https://filmmusic.io/song/7612-ethernight-club
License (CC BY 4.0): https://filmmusic.io/standard-license
Artist website: https://incompetech.com
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- Source: https://genwealthcrypto.com/episode-039/
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