How You Can Double Your Money -- Or Lose Everything - Ep.131
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...
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Show Notes
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/