My experience with Yield Farming: A story told by a friend

in LeoFinance3 years ago

There is something so certain about me, I hate a situation whereby I will be benefiting from something without carrying other people along. I am not that type of person that will love to see my fellow person passing through dark times and I have an avenue to help him and I won't. I love a situation whereby everybody is being carried along. I prefer to carry you along and you fail than not to carry you along at all. I know cryptocurrency has not gotten me to the stage that I wanted but I am very certain that gradually it will do justice and I will be able to do what I wanted with it.

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Funny enough they are some certain person that you will still help and their reply and response will be something else. I have tried helping somebody if only you knew the reply. He told me that he wants to learn what I am doing. I told him I am into cryptocurrency, I teach him how it works and he said he can't do it, I asked why, he said cryptocurrency is too difficult, I was forced to asked myself, is there any simple thing in this world? He said no, I just had to let him be.

I had to let him knows that we don't do get quick rich scheme here, if he is looking for such medium I am sorry he should look elsewhere. This is simply my answer to him because I don't want to stress my self with him. After some years he came back to me and told me that he is now interested, I just told him I am too busy for him right now. I don't know who fed some person that making money is easy, just like as I hinted there is nothing new under the sun, you have to earn it if you surely needs it. No wonder somebody said the reason there is hunger is simply for me and you to work.

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My Pool and Farm experience: Yield Farming

Well, I met a post where somebody talked about cryptocurrency and the different features it has which we can key into. I read through all the features and finally I saw the one that I love and it is called Yield Farming. Permit me to explain my experience with it and why I adviced others to give it a try. I have not fallen in love with any cryptocurrency feature like this, it shows that there is something special about it.

What I was referring to about is called Yield Farming. Yield farming is simply the act of locking your fund while you enjoy passive income in return. We have two type of yield farming, the #farm and #pool. It is just like the lazy man way of making money although, you invest and wait for the outcome. I know it has it negative side but the positive side has given me amazing goosebumps.

  • Pool: In pool, you deposit your money remember we dealing in cryptocurrency. Take for instance the pool allows Ethereum, you deposit Ethereum into the pool and they will tell you what to earn in return. Take for instance, the instructions states that if you deposit Ethereum you will earn cake in return, then if you do it for sure you will earn Cake in return and you can withdraw your money any time any day. This is what makes it amazing and unique, you don't need to stress yourself over anything. The moment you deposit that Ethereum you will be earning cake while your Ethereum remains there. With this you will be able to earn cake and at same time your Ethereum is still intact.

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With the above we can see that #Pool is easy. You just need a single acceptable coin for you to be able to participate in a pool and in return earn what is stated.

  • Farm: This aspect is more rewarding but the stress is somehow. In a farm staking all you need to do is to stake two coin. Take for instance if the farm pool says that you need to own Ethereum and Cake for you to earn LTC, definitely that is what you will need. It will cost you alot as you will need to stake both of them for you to surely earn what is stated.

Conclusion

I am that type of person that don't love stress so much. Immediately I go through the cryptocurrency features I decided to go into yield farming and with what I have seen so far I am really enjoying it. With it I have been able to earn good amount of money, imagine if bull run join, I will be swimming in money. This was said by him. I am so happy that he was able to key into something and in return he is enjoying it.

            Tfame3865  
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  • If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks

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You have such a beautiful way of writing. You flow and express yourself easily. Very enjoyable reading this post. And your message - yield farming, is a very amazing way to invest money, and earn passively. As you mentioned - it's quite a stress free way of making money. I've come to like yield farming myself. Who wouldn't like it? I guess. Thanks for sharing with us this nice piece.