There was a DeFi explosion in the summer of 2020 with crypto investors flooding the markets with new monoey. This alleviated aot of the fear that cryptocurrency investors had and started a new bull run. The complete market reconstruction was made possible by yield farming platforms and liquidity pools turning the speed up in DeFi and generating excitement with new investors that weren't familiar with crypto.
In this video, DeFi expert Vince Wicker, explans DeFi yield farming breaking it down into all of the separate components. You will learn what DeFi, short for decentralized finance, is and how it is different from the centralized banking and financial industry. You'll learn about liquidity pools and liquidity providers. Smart contracts and automated market makers are discussed, and finally how it all comes together for yield farmers to make money.
Watch this video to understand everything about yield farming and decentralized finance.