Odd Lots Aaron Lammer on Yield Farming and Trading in the World of DeFi
May 20, 2021
In a lively discussion, Aaron Lammer, a podcaster and expert in decentralized finance, dives into the exciting world of yield farming. He shares how he transitioned into DeFi and the ins and outs of trading on platforms like Uniswap. The conversation covers the volatility driven by social media, the thriving potential of liquidity pools, and the contrast of high yields in crypto compared to traditional banking. Lammer also reflects on the thrill and risk associated with investing in new crypto projects, making this a must-listen for aspiring investors.
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Small-Scale Yield Farming
- Aaron Lammer's yield farming is small-scale, unlike "industrial" farmers.
- He learned by using real coins and various Ethereum products like Augur.
Uniswap and ERC-20 Tokens
- Uniswap, a decentralized exchange (DEX), uses an automated market maker (AMM).
- It allows trading of any ERC-20 token, even obscure ones, by using smart contracts.
Yield Farming Strategy
- Look for high annual percentage yields (APYs) when providing liquidity to coin pairs.
- Be aware that APYs can fluctuate significantly.