The developers of a blockchain network play a critical role in the growth and expansion of the network since they are the group that decides how the network will evolve and adapt to the ever-changing technical requirements of the ecosystem.
When I first took the time to learn about cryptocurrency, or blockchain specifically, what really caught my attention was not the promise of Lambos on the moon or even the tech, what stood out to me was what the tech-enabled: People.
Part one of this two-part mini-series was about setting up MetaMask and bringing some BNB into the Binance Smart Chain ecosystem. This article will focus on setting up your first yield-earning liquidity positions that you can earn with and compound over time.
I am expecting to see both ETH Defi and BSC Defi continue to grow, and I am not trying to pick favorites. I think every BSC portfolio should have a healthy allocation to Ethereum and its related projects.
I have seen a lot of community members active in our BSC.News telegram channel asking whether projects are safe, rug proof, good investments, etc. I’m just going to be honest in addressing this question in this article.
For now, the growth of the ecosystem is outpacing the inflow of funds, keeping rates high and earning potential intact. I’m going to get it while the getting’s good and wait for market efficiency to catch up.
Parts 1 and 2 of the Yield Farm Portfolio Strategy focused on building the concept, and Part 3 now demonstrates a way to run a strategy geared towards the following: Capital preservation, Compounding yield, Position building, and Profit taking.