Miscellaneous
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 Unchained is hiring! Check out our job listing for a remote editorial assistant here! Thank you to our sponsors! 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/