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 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 cryptoUnchained is hiring!
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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/
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