An interview with yieldfarming, who turned $10k into $6M in crypto. He discusses selling strategies, token value, and the farming market. Topics include yield farming on different chains, Pendle tokens, yield farming strategies, and DeFi safety. He shares success strategies, investing insights, and engagement in the crypto community.
Yield farming strategies emphasize selling/dumping tokens for profit in the crypto market.
Assessing contract safety is crucial for protecting investments in volatile DeFi protocols.
Select projects like EtherFi offer real use cases amidst challenges faced by many tokens in the market.
Deep dives
Evaluation of Crypto Market Trends
The current state of the crypto market, with a focus on yield farming and DeFi trends, is examined. Yield farming strategies, such as farming and dumping, along with concerns about the overvaluation of tokens, are highlighted. The discussion touches on the potential future outlook for altcoins, VC-backed projects, and meme coins, emphasizing the trend towards centralization and the likelihood of many coins trending towards zero value.
Leveraging Safety Measures in Contract Assessment
The importance of assessing contract safety before entering new protocols is discussed. The speaker outlines their approach to checking contract safety, including reviewing code, collateral, borrow caps, oracles, and team reputation. Attention is given to past experiences and efforts to stay updated on contract integrity to protect investments in the volatile crypto market.
Cryptocurrency Market Dynamics and Long-Term Value
Insights into the evolving dynamics of the cryptocurrency market, including the potential for tokens to trend towards zero value, are shared. The value and potential long-term viability of select projects, such as EtherFi, in creating real use cases and sustainable business models are considered amidst the challenges faced by many tokens in the market.
Navigating Through Market Volatility and Investor Sentiment
Strategies for navigating market volatility and maintaining a positive investor sentiment are explored. The speaker reflects on the current market conditions, challenges of finding profitable opportunities, and the role of community involvement in supporting projects ultimately aimed at creating lasting value in the crypto space.
Farming Strategies and Risk Management in DeFi
In the podcast, the speaker discusses farming strategies in DeFi, focusing on stablecoin yields during bear markets and APR expectations. They emphasize the importance of risk management, highlighting experiences from playing video games to understand buying and selling dynamics. The speaker shares insights on avoiding high-stress farming for low returns and diversifying investments across different chains for better risk management.
Creating Income Opportunities in Crypto and Being Active in the Community
The podcast delves into creating income in crypto, suggesting attentive monitoring for market opportunities. The speaker shares insights on LP opportunities on Solana for enhanced returns and underlines the importance of community involvement. They stress the value of networking and sharing information in the crypto space as a way to learn and grow within the community.
Episode 20 of Crypto Market Wizards, an interview series focused on crypto traders in the trenches of the liquid markets. Today we have yieldfarming, an amazing onchain farmer that grew his account from 10k to $6M. He discusses his crypto journey and takes on the current yield/airdrop farming meta. He shares lessons on why selling/dumping is good, and why most tokens are worthless scams. I hope you enjoy the conversation and learned a lot from hearing how he thinks about the farming market.
The audio quality is low this episode but I still hope you got value from this; had a lot of audio file issues I couldn't overcome. This was recorded on July 3rd.
Crypto Market Wizards is an ad-free and sponsor-free podcast.
Guest's Twitter: https://x.com/delucinator
Premium Discord: https://whop.com/humble-farmer-army
Free Newsletter: https://hfaresearch.substack.com/
Taiki's Twitter: https://twitter.com/TaikiMaeda2
Humble Farmer Army Twitter: https://twitter.com/HFAresearch
Free Telegram: https://t.me/+3LgpNxIgJ4IzY2Fh
HFA Research Dashboard: https://hfaresearch.io/
PODCASTS:
Crypto Market Wizards: https://www.youtube.com/playlist?list=PL6bwqqJO_txgGQySGK5-HSuTPp0LjeGqA
Steady Lads: https://www.youtube.com/@0xSteadyLads
Taiki is the founder of Humble Farmer Army, a community-driven research company founded in 2021 with a mission to create high-quality, digestible content that helps separate signal from noise for DeFi enthusiasts.
Timestamps:
0:00 Who is yieldfarming?
3:21 2021 Bull Market Stories
11:16 7 figure with Pendle
15:31 Thoughts on the current farming meta
27:32 What to Farm Now?
32:04 Advice for Making It
43:47 Smart Contract Risks
46:54 Crypto as a Means to an End
51:03 State of the Markets
58:17 Learning When/How to Sell
1:01:06 Hyperliquid
1:03:11 Market Edge
1:07:22 Advice to Younger Self
1:09:08 Final Banter
MY VALUES:
QUALITY OVER QUANTITY
A lot of content creators are incentivized to pump out content for ad revenue. Taiki has never run YouTube ads on his channel because he believes in creating quality content, not monetizing your eyeballs via ads.
On top of not running any YouTube ads, Taiki has never participated in a paid promotion, a channel sponsorship, or even a DEX/CEX ref-link.
PREMIUM RESEARCH & COMMUNITY
Humble Farmer Army offers a Premium subscription. This is not meant to be a "copy trading" service or a “pump and dump” signal group. Taiki publishes two premium videos and an AMA livestream every week. Think of Taiki as your personal research analyst that keeps you on top of the markets so you can focus on what you do best. You also gain access to a private discord with the largest premium DeFi community. There, Taiki also gives frequent updates as well as real-time analysis on current events in crypto.
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