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๐บ Uniswap ๐
๐บ Yield Farming ๐
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– TIMESTAMPS –
0:00 Intro
1:33 What’s a DEX?
5:08 Uniswap
10:02 Curve Finance
15:02 Balancer
19:33 Conclusion
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โ๏ธ ๐ Helpful Hyperlinks ๐ โ๏ธ
โบ Uniswap:
โบ Curve Finance:
โบ Balancer Trade:
โบ Uniswap Docs:
โบ Curve Docs:
โบ Balancer Docs:
โบ Decentralised:
โบ Impermanent Loss:
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๐ค What’s a Dex? ๐ค
A Dex is a platform the place you possibly can alternate two completely different cryptocurrency with out the necessity for a centralised entity. They’re non custodial and trustless.
These Dexs are additionally constructed as decentralised purposes or dApps. Which means that with the intention to work together with them you’ll have to use an internet 3.0 pockets in your browser. These embody the likes of Metamask, Belief pockets, Coinbase pockets and so on.
You at all times stay answerable for your keys. You and also you alone can decide precisely what you wish to do along with your crypto.
One other profit of those decentralised exchanges is that they’re nameless. You do not have to submit any KYC..
Another profit of those decentralised exchanges is the chance to earn revenue your self. You are able to do this by offering liquidity to their buying and selling swimming pools.
1๏ธโฃ Uniswap 1๏ธโฃ
It it a decentralised alternate that has finished away with the idea of order books fully. It’s what’s termed an Automated Market Maker. Whenever you wish to commerce on Uniswap, you’ll enter the quantity that you just wish to commerce and Uniswap will present a fee.
This alternate is facilitated by way of using world liquidity swimming pools for ERC20 belongings.
At Uniswap, you may also present liquidity to the swimming pools that different merchants can use with the intention to faciliate the transactions. As a liquidity supplier at Uniswap, you’ll get a share of these liqudity supplier charges that they cost all of their merchants.
In case you are supplying liquidity to a pool on uniswap you then run the danger of “impermanent” loss. That is mainly a time period that’s used to explain the chance price you may incur resulting from a relative change within the composition of your pooled funds.
2๏ธโฃ Curve Finance 2๏ธโฃ
Curve Finance is a Decentralised Trade that makes use of liquidity swimming pools. Nevertheless, it facilitates excessive liquidity with minimal slippage for stablecoins. That is doable by way of using what are termed ‘Bonding curves’.
There’s Dex operate on the homepage the place you possibly can shortly alternate your stablecoins and wrapped Bitcoin belongings.
Very like at Uniswap, if you provide liquidity to a pool, you might be offering customers with a chance to swap their tokens one for an additional. Nevertheless, an attention-grabbing factor to notice about doing so on Curve is that you do not have an excessive amount of danger from impermenant loss
Should you head on over to the Curve Finance homepage then you will note the entire liquidity swimming pools in the meanwhile to which you’ll be a part of.
Curve has additionally simply launched their very own Governance token (CRV). These CRV rewards are distributed to all of these which can be supplying liquidity.
3๏ธโฃ Balancer 3๏ธโฃ
Balancer is a dex and crypto asset administration platform. It acts as an automatic portfolio supervisor, liquidity supplier, and value sensor.
One of many essential advantages of Balancer is the way in which that they strategy that downside of impermenant loss.
Customers can deposit any asset that they want and nonetheless earn liquidity buying and selling charges on it. They’ll additionally modify their allocations to go well with their very own particular person wants.
Balancer has their very own BAL governance tokens that they’ve additionally been distributing as a reward for offering liquidity.
Balancer additionally has a complicated decentralised alternate which lets you swap these belongings with minimal slippage. They use good order routing with the intention to discover the most effective pairs to execute your order by way of.
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๐ Disclaimer ๐
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who is just not a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any explicit final result.
#Defi #Dex #Yieldfarming #uniswap #curve #balancer #crypto #Ethereum #buying and selling
Source: Coin Bureau
43 Responses
Quirks and featuresโฆ somebody has been watching doug demuro
Thanks Guy
Hey Guy please do an update on DEXs, specifically best places to do atomic swaps. ๐๐ฝ๐๐ฝ
that acoustic treatment was a great buy guy!
Is there a way to get trade historys to do ones taxes on these dex's? Obviously there wont be statements…
Last minute of thoughtful warnings/ considerations made me stick to Binance Only. Thought it is centralized exchange, but being a retail investor I cant afford to lose money while these DEXs attain to reach a more stable version. Also ETH gas cost just makes certain that these DEXs are currently for big players only.
Thanks alot for this. I was worried about impermanent loss on Uniswap. It's nice that you've explained this so simply to us regular people.
please can you put the link of the articles you show off
crv will go back to 60$
Mirror on lbry.io ๐
If the price slippage issue is more pronounced on Uniswap, why would anyone invest into their liquidity pool over Curve's liquidity pool?
deposit is not available in curve anymore?
When you say there's more on CRV below, I don't see anything but the curve finance link, not more on it's mechanics. I want to know too, how to reduce ETH Gas in all these sort of transactions as it's very high now & I value my ETH very much & I want to maintain as much as possible in all transactions.
1INC is now on down dip. When it ๐๐
Kava.io
You sire are the best resource for learning about the fascinating world of cryptos , kudos
Doesn't meta-mask spy on every website you visit and everything you copy and paste? I wish there was an alternative without such invasive permissions.
DODO ? , any comments ?
New good stuff. Thank you. Step by step I'm getting more educated.
Balancer looks cool. Definitely slept on it.
Talk about Bancor! It has NO impermanent loss and it's fully working right now!
Do you have a recommended amount of $ to safely participate in yield farming? Percentage of portfolio?
I threw a little DAI and USDC into my MetaMask to test Curve but it appears they like to use cDAI and cUSDC. It has not been easy to convert it.
I looked at possibly using Compound Finance. The sample for the first attempt was only $100 of each. I looked at supplying DAI and they asked to authorize an $18 fee. lol Who is the brilliant guy who came up with this model?
Another great teaching video.
Guy I think you should make training videos that you can tailor and sell on your site with tee shirts. It would make sure that your NOT a financial advisor and an educator. Plus make you a shitton of non shit coins.
Curve could 2X tomorrow if they hire a good web designer. Trading on a Commodore 64 doesn't inspire confidence.
Only CRV ๐๐๐ thx ๐
Can you define a 3.0 wallet? Name some? Ledger? I feel like ledger doesnโt cover obscure new defi tokens. Jaxx? Exodus? Any help?
You are a gem ! Please donโt betray us for marketing. Very informative I am in love with the guy
Can I pool curve via Uniswap, instead of the Curve DEX? Curve is available to buy on Uniswap. I prefer the Uniswap UI.
If you would have made this video one month later youโd have seen that the UNI token is now on coinbase ๐
BAL is going to the moon ๐
The hourly chart of $BAS on #MXC_Exchange is looking bullish stable above $275 maybe $300 coming, better accumulate it here https://www.mxc.com/trade/easy#BAS_USDT
Balancer has by far the superior technology and the BAL token will move at least 100X from where itโs currently valued. The market cap of Balancer still has 100X growth from here. Exciting times ahead!
Good thing $DDX listed on #MXC_Exchange one of the safest exchanges today, $DDX price rose until $7.5 more than x7, 650% pump!! just deposited my bags https://www.mxc.com/trade/easy#DDX_USDT
Hey Man or Guy, Defi sucks! Why would someone spend $10.00 to change $100 of Eth into $90 of USDC? The Defi scam is making the network clogged and the fees are outrageous!
Hello Guy! Whatโs your opinion of Eidoo and the Pnetwork interest earning ecosystem… they allow pBTC, pLTC staking and ETH staking sometimes earning very high annualized returns… some days in excess of 100%. Iโve experimented with it, but still have reservations about locking larger amounts. Their native token PNT has been declining in price but has recently stabilized…
Just curious if youโve come across this one before?
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With eth 2.0 what would be your choice?
Great video! Thanks! Regarding your high gas fees point: Thought of making a video about ETH 2.0 type new protocols like Harmony Protocol?
I funded the sBTC CRV liquidity pool, but there is no option to stake
Ive been trading in the crypto market for a number of years. Have had some ups and downs but here lately much more success than failure. My youtube channel has really helped me succeed.
Thanks Guy good stuff.
I WANNA THANKYOU SO MUCH!