hello guys and welcome back to another video in today's video we're going to talk about yeon
finance if you want to make more money from your crypto by earning an annual percentage deal then
you've come to the right place obviously nothing i talk about in this video is financial advice so
always go away and do your own research before investing any of your own money without further
ado let's jump into today's video okay guys so coming across to the yearn a finance website not
necessarily the most exciting looking at website in the world but what it represents is far more
exciting as always it's linked down below in the description so if you want to go and check it out
i recommend you do so after this video so looking in to what we've got on here you can see there's a
portfolio i don't have any money in this at the moment but you can see up here we can click on
connect wallet and that's going to connect us to a metamask wallet or whatever your preferred wallet
is here you can see the different types of wallets available as well as that you can choose between
the different networks got ethereum phantom and arbitrum available here and it will tell you all
of the information here total amount of money in their vault earnings and estimated yearly
yields now here's where all of this gets very interesting guys coming down below you can see all
of the different apys or annual percentage yields available now all of these vary in terms of the
level of risk the level of reward etc obviously more than likely the higher the likely the reward
the higher the risk involved so don't be thinking that just because something says 45 100 whatever
percentage you can just chuck money in there and in a year's time it's going to be guaranteed
worth 45 to 100 more because there's always the chance that that money there's always the chance
that the coin that you're putting your money into goes down in value etc cetera so always be very
cautious about using money that you don't really have to lose that said guys looking down below
you can see the highest apy forty five point two percent curve usdn and then curve c v x eth 22.5 6
and many others looking down below you can see the opportunities and all of the information
available now what's worth checking out is you can see the total assets locked in any different one
and obviously the higher values that are locked away in a particular asset the more reliable
that asset is you see the curve usdn here 45 ap while just over 45 apy with 12 million 12.8
million dollars locked away in total assets now you can see if i wanted to perhaps select
a particular asset that i want to deposit i would just click on the deposit click on the max amount
available obviously the wallet that i'm currently obviously the one i'm using to demonstrate this
right now doesn't have any ethereum in it but if i did i could put it in the amount of ethereum
and then you can approve it etc in order to put it in and then from then on it's going to start
earning you an annual percentage yield as well as that guys you can look down through there's lots
of different tokens ave sushi and others that you've probably heard of so make sure you're
always doing research when you get in and look at these different coins some of them are better
established here you've got 195 million dollars locked 3.8 percent not necessarily the highest av
wide but it's pretty exciting in terms of not necessarily the highest in ap wise but you're
looking for higher values because it reduces the level of risk you're going to be up against
and things like usdt usdc 1.1 significantly still much higher than you might get in a bank
in a traditional banking system now looking into the lab section you can see it's already telling
you these are not risks for ants so what does that really mean basically guys this is kind of
like the new types of yield farms etcetera that have not yet been proven and therefore might be
extremely high reward but are also probably quite high risk the emerging strategies you'll find here
are the newest and most unconventional around be sure to review the about section carefully and
make sure you understand token locking impermanent loss and other risks before proceeding as with all
yearner products you are responsible for educating yourself on details and for actively managing your
holdings welcome to the lab but proceed with caution so for example guys different tokens
etc you might have to pay a fee of like 15 when you put that token in and perhaps 15 when you take
that token out now that's not true for all of them but depending on the apy it might actually mean
that you have to leave it in there for amount of time before you're able to withdraw it even
there's other rules like how long you might have to leave it in in order to be able to withdraw
it etc etc so make sure you're understanding all the details because no one is to blame if you make
a mistake other than yourself if you jump into this because there's no reason to jump in and
phone me into anything in crypto because there's always another chance to get onto that train but
as i mentioned guys coming down through you can see some of the apys here 151 so for example if
you were to put in a hundred dollars now in theory if everything goes to plan by the end of the
year you'll have 250 dollars for that 100 initial deposit which is obviously an insane return in any
market here as well you can see these total assets here around 13 million dollars which obviously is
pretty substantial but again doesn't necessarily mean that you're guaranteed to see those results
now coming across to the iron bank guys which is a feature of the phantom and network so you have to
click to switch to across the phantom network it offers you different opportunities perhaps
you already own some of these tokens and you're holding them and in which case you can lend them
to other people obviously the other person will then pay you an interest on that and obviously
it's backed against by your own finance or iron bank in order to ensure that your money is safe
and you will get a return whatever happens as well as that you can see that you can borrow assets so
for example at the moment where crypto is pretty low but you maybe don't want to sell because
in a very short time we know that crypto can pump to a much higher level so that may be something
that is of request that might be something that people require right now but obviously
borrowing money against your crypto assets is an extremely risky thing to do so be very careful
of doing that looking into markets you can see all the different information here again we've
got apys ranging from sort of zero point zero zero ranging from like zero point zero one uh all the
way up to like five percent et cetera if you look through all of the different markets you can see
all the different like portfolio information for here for ethereum you can see all the different
ones phantom avalanche etc and other features and rewards available on each of these here
by clicking on veib you can see rewards of 367 again guys there's so many different features on
this website that haven't got time to cover all of them on this video but you can see that if you are
very careful in your research and you select the correct product and you're only putting money
that you can afford to lose there's potential that you can see some amazing returns if you
are able to play the markets correctly now if you want to learn more things about this website and
all the opportunities that it offers and you can come down to the bottom and you can see that all
of the different features have various tabs that you can go and explore and learn more information
here you can see learn yearn using yearn finance vaults and strategies partnership programs
smart contracts yeah sdk new strategies etc so there's lots of tips and hints on how you
can get involved in yield farming and how you can potentially make some really great returns
on your investments there's also here like a forum that you can go and get involved in
and there's also sort of governance so what that means is you can come in and if you're invested
in the year and finally and if you're invested in your own finance you can actually have an
input into the future of the platform and how it all works etc which is obviously a great thing
and what crypto is effectively all about as it has been from the beginning now another really
cool thing here is the yfi a buyback you can see wi-fi is an important part of how we build a yearn
uh it's one of our ways that we pay the for the best d5 talent ensuring that the incentives of
those building the protocol align with the protocol itself after all skin in the game
is the best way to play we bought 881.65 wi-fi to date and we still want more the buyback contract
is topped up from time to time with more die and so it's worth revisiting this page in the future
just a failure and sell us your wi-fi and you can see we'll buy each a wi-fi for 7750
die and you can see down below the usd values guys one of them here sixteen thousand dollars nine
thousand ten thousand etc there's also money to be made if you're talented in the particular areas
of d5 and creating your wi-fi so come across to this section as well and see different ways
in which you can benefit from this extraordinary crypto platform coming across to the twitter page
guys 194 000 followers been around since february 2020 this is not a small unknown about platform
but i think yield farming within crypto is pretty small and has much more room to grow and is a
very exciting area where people are able to make money from investing their money where they've
been losing out in doing that for years and years in the traditional banking systems no matter what
country you're in so if you want to look at making a passive income with your cryptocurrency which
ultimately is probably the best thing you should be doing especially in a bear market that we're
currently in then head across to yeon finance link down below in the description in order to
find out more coming across their twitter you can see all of the latest giveaways and as well
as that they'll keep updating when they have new yield farms available and other competitions etc
so yield farming is a little known a part of the cryptocurrency industry and is one of the most
exciting because it offers you the opportunity to be able to earn a passive income perhaps every
day every week etc from your cryptocurrency investments and if you're planning on holding
crypto long term then it's a bit of a no-brainer that you should be earning interest from your
investments because it's the best way to grow your wealth as i've mentioned guys there's loads of
different features and things to go and study on the website so make sure you go across the
website link down below if you want to find out more all of the different links etc at the bottom
of the website so you can go and find out all of the information you need to know right there if
you've enjoyed today's video then make sure you smash the thumbs up for the youtube algorithm
thanks very much for doing that and if you're new to the channel and you want to learn about crypto
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the latest happening thanks so much for watching guys and i'll see you soon with another video bye