Guide to Liquidity Pool farming on Raydium
A step-by-step guide on how I invest $1,000 on a liquidity pool on Raydium. Liquidity pool is a legit Defi, as it allows anyone to be a part of a decentralized exchange (DEX), and earns from the trading fees the pool collects.
Refer to my blog on an introduction to liquidity pool 👉🏻 https://cryptoinvesting.art/an-introd...
The annualized yields are high at around 30%. This is partly because Defi is young, and projects are giving out their tokens (created out of thin air) as additional incentives.
Investing in crypto has risks, and this is NOT financial advise. I am just showing you how to do it because it involves a number of steps, and it seems daunting. But once you understand how it works, it is easy.
0:00 Intro
1:31 Select a liquidity pool
2:46 Swap to have the tokens
4:05 Add to liquidity pool
5:12 Stake those LP tokens
6:32 Know the risks
Shot on iPhone 12 with Dualgram app
#defi #raydium #farming