Easing into Crypto

Episode 15: Wrapping up DeFi (why liquidity is so important, yield farming, LP tokens, major risks)


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- What yield means, and the difference between APR and APY
- Explaining liquidity staking again: key definitions, why liquidity is important, how ICO's work, and a real step-by-step example using the Raydium DEX on the Solana network
- How to choose where to provide liquidity, how to calculate returns, and some information on yield aggregators
- 6 major categories of risk in DeFi: scams, bugs and hacks, high gas fees, rug pulls, foundational risks, and user error
- Where this leaves the TradFi industry

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The corresponding blog post with links and images:

https://www.michaelcaloz.com/2021/09/21/easing-into-crypto-part-15-wrapping-up-defi-lp-tokens-yield-farming-calculating-return-yield-aggregators-and-major-risks/
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Easing into CryptoBy Michael Caloz

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