Unconfirmed

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

06.26.2020 - By Laura ShinPlay

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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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Crypto.com: https://crypto.com

Nexo: https://nexo.io

DeversiFi: https://deversifi.com

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/

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