Turning $10k to $6M through DeFi w/ yieldfarming

Jul 10, 2024

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.

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Intro

00:00 • 3min

Reflections on DeFi Yield Farming Journey

03:21 • 10min

Exploring Pendle Tokens and Yield Farming Strategies in DeFi Space

13:31 • 15min

Yield Farming Strategies and Networking in the Crypto Space

28:55 • 15min

Navigating DeFi Safety and Financial Goals

43:50 • 17min

Success Strategies in Yield Farming and DeFi Investments

01:01:01 • 15min

Reflections on Yield Farming Aerodrome and DeFi Tokens

01:15:33 • 6min

Engaging with the crypto community and discussing DeFi on Telegram

01:21:46 • 2min

Discussion on Video Creation, Idea Bouncing, and Market Insights in Crypto

01:23:52 • 2min

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.