How to earn crypto on Cronos using DeFi: The ultimate guide
Getting into yield farming can be a challenge. That's why I've made this complete guide for beginners explaining:
00:00 Introduction
00:09 What is yield farming
00:28 Where to start farming?
00:54 Setup a Metamask wallet
03:38 Switch to a new chain/network
04:49 Get funds on chain
07:42 Find a place to farm
08:48 What is a liquidity pool
10:01 Impermanent loss
11:20 Why take the risk
12:22 How to enter a farm & provide liquidity
16:46 Difference APR vs APY
17:28 Farm token rewards
In this video tutorial I have used the following websites:
Cronos: https://cronos.org/
Metamask: https://metamask.io/
VVS Finance: https://vvs.finance/farms
Crypto.com (use code axf3kq2wrg for 25USD bonus): https://platinum.crypto.com/r/axf3kq2wrg
Blockworks: https://blockworks.co/what-is-yield-f...
Trustwallet blog: https://trustwallet.com/blog/imperman...
As an example we are using the Cronos network to explain yield farming and other defi concepts, but the same methods apply to BNB Chain, Polygon and so forth
#yieldfarming #cryptocurrency #defi
Let's get on that crypto train!
Bren
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