Yield Farming, DeFi, Risks & Opportunities with Kain Warwick of Synthetix<br />Today we welcome back Kain Warwick from Synthetix to discuss all the latest innovation, developments, news & projects in within Ethereum's DeFi ecosystem. Decentralised finance or "DeFi" has been gaining attention & more importantly real world traction in recent months. With terms like DeFi yield farming or farming DeFi yield, popping up, hopefully this interview will explain their meanings, bring you up to speed, help you stay informed & aware of the associated risks. This was a fantastic chat covering everything you need to know about the Ethereum DeFi industry boom! #Ethereum #DeFi #FarmingYield<br /><br />🎓 Free education, resources & discounts: <a href="https://nuggetsnews.com.au/" target="_blank" rel="nofollow">https://nuggetsnews.com.au/</a><br />🎓 Join Our Community: <a href="https://nuggetsnews.com.au/nuggets-crypto-community/" target="_blank" rel="nofollow">https://nuggetsnews.com.au/nuggets-crypto-community/</a> <br /><br />Timestamps: <br />0:00 Introduction to yield farming<br />1:20 DeFi vs. open finance<br />4:15 Multi-dimensionality of the decentralisation spectrum<br />6:00 Synthetix Improvement Proposals (SIPs)<br />10:55 BTC Curve liquidity pool by Synthetix, Curve & Ren<br />13:30 Tokenised bitcoin on Ethereum<br />13:55 About Synthetix’s synthetic bitcoin (sBTC)<br />17:40 Stablecoin ecosystem & liquidity pools<br />18:25 How Synthetix started incentivising liquidity for sETH/ETH pool on Uniswap<br />20:40 Purpose of Uniswap-style AMM pools<br />23:30 Why is APY so high?<br />23:30 Risks of yield farming<br />28:45 Ethereum scaling solutions<br />31:10 Optimism–Synthetix collaboration<br />32:45 Understanding Ethereum gas prices<br />35:10 Yield farming projects<br />37:50 Curve’s AMM mechanism<br />41:20 Bank Frick as the last mile<br />44:15 Digital Thickshake Theory<br />46:00 What’s ahead for Synthetix<br /><br />synthetix.io<br />renproject.io<br />curve.fi<br />compound.finance<br />wbtc.cafe<br /><br />Glossary of Terms: <a href="https://nuggetsnews.com.au/resources/glossary/" target="_blank" rel="nofollow">https://nuggetsnews.com.au/resources/glossary/</a><br />ETH 2.0 Explained: <a href="https://youtu.be/sQAKlpGEHw8" target="_blank" rel="nofollow">https://youtu.be/sQAKlpGEHw8</a><br />ETH Staking Explained: <a href="https://youtu.be/mnRfRF5vkwc" target="_blank" rel="nofollow">https://youtu.be/mnRfRF5vkwc</a><br />How To Be Your Own Bank: <a href="https://youtu.be/gq9T2vLiDig" target="_blank" rel="nofollow">https://youtu.be/gq9T2vLiDig</a><br />dYdX Tutorial: <a href="https://youtu.be/OujtW5FmcFo" target="_blank" rel="nofollow">https://youtu.be/OujtW5FmcFo</a><br />Maker CPD Tutorial: <a href="https://youtu.be/sLRDWTtNC04" target="_blank" rel="nofollow">https://youtu.be/sLRDWTtNC04</a><br /><br />🔔 Did you enjoy this video? SUBSCRIBE for more: <a href="https://www.youtube.com/c/nuggetsnews?sub_confirmation=1" target="_blank" rel="nofollow">https://www.youtube.com/c/nuggetsnews?sub_confirmation=1</a> <br /> <br />📹 For more Resources & Content: <a href="https://nuggetsnews.com.au" target="_blank" rel="nofollow">https://nuggetsnews.com.au</a> <br /> <br />🎙 Always on the go? Tune in on your favourite Podcast app: <a href="https://lnk.to/nuggetsnews" target="_blank" rel="nofollow">https://lnk.to/nuggetsnews</a> <br /> <br />#️⃣ Connect with us: <br />Twitter: <a href="https://twitter.com/NuggetsNewsAU" target="_blank" rel="nofollow">https://twitter.com/NuggetsNewsAU</a> <br />Facebook: <a href="https://www.facebook.com/nuggetsnews" target="_blank" rel="nofollow">https://www.facebook.com/nuggetsnews</a> <br />LinkedIn: <a href="https://www.linkedin.com/company/nuggetsnews" target="_blank" rel="nofollow">https://www.linkedin.com/company/nuggetsnews</a> <br />Instagram: <a href="https://www.instagram.com/nuggetsnewsaus" target="_blank" rel="nofollow">https://www.instagram.com/nuggetsnewsaus</a> <br />Reddit: <a href="https://www.reddit.com/user/nugget_alex" target="_blank" rel="nofollow">https://www.reddit.com/user/nugget_alex</a> <br /> <br />_________ <br /> <br />❗ DISCLAIMER ❗ <br /> <br />Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment o<br />...<br /><a href="https://www.youtube.com/watch?v=cGpEAqUvvfI" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=cGpEAqUvvfI</a>