A Simple Explanation of DeFi and Yield Farming Using Actual Human Words

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">US Gov’t forces China’s Houston consulate to close</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">US previously-owned housing market grows 20.7% May to June</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Insider stock selling reaches record levels</span></li> </ul> <p><span style="font-weight: 400;">Our main discussion: DeFi 101</span></p> <p><span style="font-weight: 400;">Today’s episode of The Breakdown is a primer for anyone who has lost track of the terminology surrounding decentralized finance. In it, NLW goes over:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">DeFi’s background and origins</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Market making in a traditional context</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Automated market making </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How liquidity mining incentives economic participation </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How decentralized exchanges differ from centralized exchanges </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">What “yield farming” actually means</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why we shouldn’t be concerned about the Yield Farming bubble</span></li> </ul>