DeFi Yield Farming Beginners OverviewWhat is yield farming...
DeFi Yield Farming Beginners Overview
What is yield farming crypto? Vince Wicker from the BEES.Social crypto community lays it out in simple terms how DeFi works, the purpose of liquidity pools and liquidity providers, and finally how yield farmers make money. To join our cryptocurrency community go to https://BEES.Social and sign up daily news and updates. A Rookie’s Guide To Yield Farming Crypto DeFi Yield Farming Chapter Index 00:00:03 Introduction to DeFi Yield Farming Terminology 00:00:48 What is DeFi (Decentralized Finance)? 00:03:17 Smart Contracts on the Ethereum Network 00:04:00 What are Liquidity Pools 00:06:23 Who Are Liquidity Providers and Trading Fees 00:07:00 Automated Market Makers in the Smart Contracts 00:08:10 How DeFi Yield Farming Works 00:09:49 Balancer Liquidity Pools 00:10:15 Staking in BEES.Social Liquidity Pools - Yielding Tokens 00:11:20 Three Ways Yield Farmers Make Money For more videos about DeFi Yield Farming and strategies watch this playlist: https://www.youtube.com/playlist?list=PLT3ArNsa9k19UeQ5RLppkhkhHCKFOKZyV Please subscribe to the BEES.Social channel for updates and news BeesSocialTV - https://www.youtube.com/c/BeesSocialTV/ Follow the BEES.Social Crypto Community Online: https://www.youtube.com/c/BeesSocialTV/https://twitter.com/Crypto_Swarmhttps://www.linkedin.com/company/cryptoswarm/https://vimeo.com/beessocialhttps://podcasts.apple.com/us/podcast/the-swarm-unplugged/id1563240346https://medium.com/opes-dot-financehttps://independent.academia.edu/defiyieldfarming You can also watch this entire DeFi Yield Farming video series in 3 parts Part 1 - What is DeFi? https://www.academia.edu/47790730/What_is_DeFi_Decentralized_Finance_Yield_Farming_Part_1https://vimeopro.com/beessocial/yield-farming/video/524025857 Part 2 - Liquidity Pools & Liquidity Providers https://www.academia.edu/47791357/DeFi_Yield_Farming_Liquidity_Pools_and_Liquidity_Providershttps://vimeopro.com/beessocial/yield-farming/video/524518979 Part 3 - What is Yield Farming? How do Yield Farmers Make Money? https://www.academia.edu/47791963/What_is_Yield_Farming_Crypto_and_How_Do_Yield_Farmers_Make_Moneyhttps://vimeopro.com/beessocial/yield-farming/video/530441914 Even if your profile is BTC heavy doesn’t suggest you need to rest on the sidelines when it pertains to yield farming. Once you have your LP tokens for your farm of selection, you’ll wish to go stake them in order to begin farming your target project’s governance token. That claimed, it can be actually expensive to enter as well as exit yield farming positions recently. See to it you’re thinking about these gas expenses as you attempt to figure out which opportunities are most possible for you. Etherscan’s brand-new Yield Farmspage uses an unfiltered and also considerable list of projects that have continuous yield farming projects. This approximates the returns that you could anticipate throughout a year. As you can think of, there can be lots of layers of intricacy to this. You could transfer your cDAI to one more protocol that mints a third token to represent your cDAI that represents your DAI. The regulations of distribution will certainly all rely on the one-of-a-kind application of the protocol. The bottom line is that liquidity providers get a return based upon the amount of liquidity they are offering to the pool. Yield farming is typically done utilizing ERC-20 tokens on Ethereum, and the rewards are usually likewise a type of ERC-20 token. After mastering points utilizing the Compound application, you can begin branching off to other DeFi protocols. These are the most universally accepted cryptocurrencies for producing yield on a lot of DeFi protocols. Along with commenting and electing, signed up users can additionally produce their very own subreddit on a subject of their finding. As a network of communities, Reddit’s core web content contains articles from its users. Users can talk about others’ messages to continue the conversation. A key function to Reddit is that users can cast favorable or negative votes, called upvotes and also downvotes specifically, for each and every blog post as well as talk about the website. Due to the fast pace of DeFi, regular or perhaps day-to-day approximated returns may make even more feeling. What’s the best means of understanding just how to yield ranch with as little risk as possible? Committed devices exist to exercise the most likely cost, for instance, predictions exchanges, which check modifications in non-stablecoin token prices. Given that all three are free-floating, the profit capacity for participants is significant. The Reddit discussion forum r/pizzagate was committed to a widely-debunked conspiracy theory affirming that the Comet Ping Pong pizzeria in Washington, D.C. “ goes to the center of a child-abuse ring connected to John Podesta, Mrs. Clinton’s previous project supervisor”. After the forum was banned from Reddit, words “we don’t want witchhunts on our site” now appears on the former web page of the Pizzagate subreddit. After Ellen Pao ended up being CEO, she was at first a target of objection by users that challenged the deletion of content critical of herself and her partner. WBTC can be traded back for BTC at any moment, so it has a tendency to be worth the like BTC. These campaigns illustrated how rapidly crypto users react to rewards. No, yet it was the most-used protocol with the most very carefully designed liquidity mining plan. The COMP circulation will just last four years and then there won’t be any more. Additionally, most individuals agree that the high price now is driven by the reduced float (that is, how much COMP is in fact cost-free to trade on the market– it will never ever be this low again).
Business Valuation Calculator: How Much Is Your Business Worth?...
Business Valuation Calculator: How Much Is Your Business Worth? - Tyler T Tysdal
One of your goals in selling your business is to guarantee you will have the ability to market it at the highest possible cost feasible. To do this, you need initially to discover what your business is worth. The good news is, there are conveniently available business valuation calculators online. However, you need to be careful as not every one of them can offer a near the ideal quote. Keep away from challenging business valuation calculators. Make use of easy business valuation calculators, something that would make you quickly comprehend the value of your business. Listen to the podcast at this link http://tylertysdalpodcasts.org/is-there-a-simple-business-valuation-calculator By recognizing the strengths of a company’s assets and structural capital about the market, a vendor can ask the highest feasible rate. The obstacle with using the asset-based technique, is that estimate may be as well slim; ignoring value of the company’s incomes possibility. The calculator can just determine financial performance, as well as not other factors such as organizational framework, a good reputation, market placement, and much more. A business valuation calculator aids buyers as well as vendors figure out a rough estimate of a business’s value. Business Debt Consolidation Calculator Should your business consolidate its financial obligation? Whether you’re looking to get a business or sell your start-up, you have to determine a cost for it. Breakeven Analysis Find out the amount of and also what price you should market your item at to earn a profit. Revenue Margin Calculator This calculator can assist you determine the market price for your products to attain a wanted profit margin. Email or Call Tyler Tysdal at Freedom Factory for a free valuation of your business. Freedom Factory 5500 Greenwood Plaza Blvd., Ste 230 Greenwood Village, CO 80111 Phone: 844-MAX-VALUE (844-629-8258) https://www.freedomfactory.com/https://g.page/freedom-factory-denver Tyler Tysdal https://sites.google.com/view/tylertysdal/podcastshttps://www.youtube.com/channel/UCIlOFFMqyOo1CjtA0Uwp4qwhttps://www.medianews.ca/2021/02/25/tyler-tysdal-is-reaching-entrepreneurs-around-the-world-through-podcasting/
Increasing stock market volatility drags Bitcoin and altcoin prices lower
Increasing stock market volatility drags Bitcoin and altcoin prices lower
The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond.
Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation.
BTC/USDT 4-hour chart. Source: TradingView
Despite major BTC purchases by MicroStrategy, Tesla and MassMutual, a majority of institutional investors still have security and tax treatment concerns that prevent them from investing in Bitcoin, according to Galaxy Digital co-president Damien Vanderwilt.
Institutional investment has been a significant source of optimism in the cryptocurrency sector in 2021, but its influence in helping BTC reach a market cap of $1 trillion may be overstated as recent analysis shows that stablecoin whales and retail traders still hold the most buying power.
Interest rate increase puts pressure on GBTC
On Feb. 25, the interest rate for the 10-year U.S. Treasury spiked to 1.52%, its highest level in over a year.
According to Chad Steinglass, Head of Trading at CrossTower, the move led to market-wide pressure that pushed the “GBTC premium down as low as negative 6% and it closed around negative 2% today.” The analyst sees interest rate volatility as a major source of market volatility, as the long end of the curve steepens while the U.S. dollar is pushed lower.
Cryptocurrencies fell under increased pressures as equity markets deteriorated throughout the day, possibly due to a “scramble for liquidity” resulting from traders “pushing up against margin calls and needing to free up cash.”
Steinglass said:
“I interpret the GBTC premium collapse as a sign that either retail is dumping to free liquidity, or large fund holders like ARKW are seeing outflows, which causes them to sell GBTC along with everything else.”
Traditional markets are still choppy
The 10-year Treasury yield pulled back .0582 basis points to 1.46 on Feb. 26, marking a 3.82% decrease from its high on the previous day. This leadi to a choppy day in the markets which saw the major indices close mixed.
The NASDAQ finished the day up 0.56%, recovering some of its losses from the 3.5% drop on Feb. 25. Meanwhile, the S&P 500 and DOW finished the day in the red, down 0.48% and 1.51% respectively.
A majority of the top cryptocurrencies also took on sharp losses on Friday, with the exception of Cardano (ADA), which became the third-ranked cryptocurrency by market cap after its price broke out to a new all-time high at $1.29. The current excitement for the altcoin appears to be connected to the upcoming ‘Mary’ mainnet launch scheduled for March 1.
ADA/USDT 4-hour chart. Source: TradingView
Basic Attention Token (BAT) has also battled back against the market sell-off to post a 6.43% gain following the Feb. 23 announcement of the upcoming Brave Decentralized Exchange (DEX).
Ether (ETH) price is down 7.19% and trading below $1,500, while Binance Coin (BNB) has dropped 8.36% to $224.14
The overall cryptocurrency market cap now stands at $1.533 trillion and Bitcoin’s dominance rate is 61.3%.
Title: Increasing stock market volatility drags Bitcoin and altcoin prices lower
Sourced From: cointelegraph.com/news/increasing-stock-market-volatility-drags-bitcoin-and-altcoin-prices-lower
Published Date: Fri, 26 Feb 2021 23:02:39 +0000
Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
Since the start of 2021, the price of Bitcoin (BTC) has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high of $58,300. However, an interesting phenomenon is that even with many global cryptocurrency exchanges in existence, BTC’s price can still vary greatly depending on geography.
This raises an intriguing question: How can Bitcoin simultaneously trade at $53,047 in Malaysia, $49,727 in Singapore, $51,133 in India and over $86,000 in Nigeria? Is the reason simply a temporary imbalance between buyers and sellers, taxes, or regulations? Or is there something else at play?
As shown in the chart below, there really isn’t a set price for BTC, as nearly every country has its own digital asset valuation.
At any given time, cryptocurrency prices will differ between countries, even after adjusting the currency rate. Indeed, some additional buying or selling pressure could create discrepancies, but that should not be continuous and steady.
What’s causing the huge BTC price discrepancies?
This phenomenon isn’t something new or exclusive to cryptocurrencies, however. Exxon Mobil stocks, for example, are traded in United States, Russian, Argentine, German, Mexican and Swizz markets.
While there may be different reasons for the friction, including bureaucracy and nation-specific laws, they’re basically the same asset. Nevertheless, their prices usually differ after adjusting for currency exchange rates.
Unlike stocks, however, transferring cryptocurrencies usually takes less than an hour, and it doesn’t depend on custodians and depositary receipt administrators. Therefore, bureaucracy can not be the reason for the big price differences for Bitcoin, which is borderless.
On the other hand, suppose one just bought BTC in the U.S. or Europe and is willing to sell it in Argentina to profit from the 6.5% difference. Even if there were no trading fees involved, the result would be the local currency, the Argentine peso.
Things get more complicated though, as one will need to convert this fiat money back to dollars or euros. There might be domestic restrictions, taxes or, even worse, a different currency rate for foreigners. Moreover, traditional currency remittances don’t take place on weekends and usually take one or two business days.
2020 index of economic freedom. Source: heritage.org
Not surprisingly, the countries with the highest BTC valuations consistently score low on investment and financial freedom global rankings. Barriers and taxes created by strict government controls translate into additional risks and costs for the fiat conversion and remittance. This all contributes to the premium seen versus the remaining countries.
Government action might create extreme situations
Extreme capital control situations such as the Central Bank of Nigeria recently shutting down all cryptocurrency-related bank accounts could be behind the current 70% premium versus global BTC markets. But Nigeria likely has the highest premium in the world because the country, in particular, is also the leader when it comes to Bitcoin adoption, based on the latest data.
#Bitcoin Price is now $80,000 in Nigeria – a 60% premium.
That’s what happens when you try to ban something people want.
— Bitcoin Archive (@BTC_Archive) February 18, 2021
Eventually, arbitrage traders will find a solution to bypass sanctions, and the price gap should tighten. But right now, there is no effective way to “profit” from the arbitrage.
For those wondering what would cause Bitcoin to trade below most liquid markets such as the U.S., there is no definitive answer. It is most likely some regulatory hurdle for depositing fiat money on local exchanges, thus creating an imbalance favoring the sell-side.
The negative premium is less common, however, and stablecoins could be used to mitigate this effect. Meanwhile, when a hefty premium is seen in local fiat currency, it does not justify a similar price gap for dollar-denominated stablecoin trading.
Thus, such differences in pricing across various countries represent the risks, red tape, taxes and inefficiencies of converting fiat between currencies and sending fiat money across borders.
author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Title: Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
Sourced From: cointelegraph.com/news/why-is-bitcoin-86k-in-nigeria-here-s-why-the-btc-premium-is-huge-in-some-countries
Published Date: Fri, 26 Feb 2021 13:30:00 +0000
