Decentralized finance refers to the entire financial ecosystem in which liquidity is not provided by a bank or centrally governed exchange, but, rather, by individuals, and one-on-one transactions governed by smart contracts in a software protocol. The software governing each exchange is one of the great financial innovations in the last few years: An Automated …
One of the best ways to calculate passive income opportunities is to use Stakingrewards.com. Here is a shortcut to finding good information: Go to Stakingrewards.com Click on Staking Providers Observe which companies are producing the highest yields Research those companies directly. Do they have a top-notch management team? Are they supported by other large …
If you are interested in passive income, Defipulse.com is a necessity. It will give you an overview of who is controlling the emerging marketplace. Most of the news is aggregate, so does not sound sexy until you actually go on the site and look around. You should find various aha! moments. The day we …
The returns on DeFi protocols can easily exceed the bond markets, much fewer savings accounts. However, they also come with additional risks, so it is important to understand them thoroughly before jumping in. There are three main risks in all of DeFi, smart contract glitches and hacks; impermanent loss, and counter-party risk. Let’s take …
Uniswap is a decentralized Ethereum based protocol where traders can swap one coin for another. On the other side of the market, liquidity providers deposit coins into the liquidity pool in return for a percentage of the transaction fees. Most beginners are familiar with swapping coins on an exchange, they just connect a …
Deep-dive DeFi 5: Earning passive income on Uniswap Read More »
To start earning passive income on Uniswap you must have an Ethereum-based wallet, and a basic understanding of impermanent loss. Then go to Uniswap and select a pair of coins, based on the estimated earnings, risk and your strategy for those coins. Next step: Connect you wallet Click on the pair selected and is in …
Deep-dive into DeFi 6: How to deposit into Uniswap liquidity pools Read More »
Yield.finance is an Ethereum-based yield farming software that helps investors use maximize yield on funds deposited. You can select from a variety of DAPPs, for different purposes, but start by exploring Vaults. The main attraction is the ability to earn interest in addition to betting that the value of the coin will go up. …
Deep-dive DeFi 7: Earning passive income on Yearn.finance Read More »
Before you invest in a liquidity pool, called a Vault, on Yearn.finance, you will need an Ethereum-based wallet and a general understanding of risks including impermanent loss. Read all four modules first and start small! Connect a Metamask wallet (top right home screen) Go to “vaults” Find a coin you own, such as Eth, and …
Deep-Dive DeFi 8: Invest for the first time on Yearn.finance Read More »
Uniswap is a swapping exchange where you can directly trade one coin for another. First, you will need some coins in an Ethereum based wallet such as Metamask. Click on connect wallet. Select your wallet. Allow “view the address” of your wallet – it is completely safe. Now that you are connected to your wallet, …
Blockchain “How to’s” Module 2: How to swap on Uniswap Read More »