BREAKDOWN: A Simple Explanation of DeFi and Yield Farming Using Actual Human Words
A primer on yield farming, liquidity mining, automated market making and all the other terms shaping the brave new world of decentralized finance.
Listen or watch all the new CoinDesk podcast episodes wherever you want.
ABOUT
A primer on yield farming, liquidity mining, automated market making and all the other terms shaping the brave new world of decentralized finance.
This episode is sponsored by Bitstamp and Crypto.com.
Today on the Brief:
- US Gov’t forces China’s Houston consulate to close
- US previously-owned housing market grows 20.7% May to June
- Insider stock selling reaches record levels
Our main discussion: DeFi 101
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:
- DeFi’s background and origins
- Market making in a traditional context
- Automated market making
- How liquidity mining incentives economic participation
- How decentralized exchanges differ from centralized exchanges
- What “yield farming” actually means
- Why we shouldn’t be concerned about the Yield Farming bubble
HOST
CoinDesk
CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.
We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.
EPISODES
How BitFuFu Is Leveraging Cloud Contracts For International Growth
From Ethiopia to Oklahoma, BitFuFu is turning recurring revenue into gigawatts of power.
Mar 18, 2025
BITCOIN SEASON 2: Is Bitcoin's Lightning Network A Success?
It’s 10 years since the invention of the Lightning Network! Is it a success or failure?
Mar 15, 2025
SEC Dropping Crypto Cases Is No ' Free Pass' for Fraud
SEC Commissioner Hester Peirce joins CoinDesk with the latest updates on the crypto task force.
Mar 14, 2025
EPA Slashes Regulations, Canaan Secures $200M, CoreWeave's OpenAI Deal and NYDIG's Mawson Beef
All your Bitcoin mining news in 30 minutes or less!
Mar 14, 2025
COINDESK SERIES
0 EPISODE
The Mining Pod
Feb 10, 2025
1141 EPISODES
CoinDesk Podcast Network
The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.
Dec 20, 2023
1311 EPISODES
Markets Daily Crypto Roundup
Tune in as CoinDesk runs down daily action in bitcoin markets and some of the most important recent industry development.
Dec 19, 2023
0 EPISODE
Unchained
Unchained, your no hype resource for all things crypto by former Forbes senior editor Laura Shin, author of The Cryptopians.
Dec 18, 2023