In simple terms ‘yield farming’ is what it sounds like, making a return on an existing crypto currency holding. You achieve that in the online world of DeFi ‘decentralized finance’ by lending out your crypto holdings (typically using EC-20 tokens on Ethereum) for a return, which is significantly higher than you’d expect from a traditional […]
You may have heard about ‘stablecoins’ and wondered what the fuss is about. In simple terms stablecoins are digital versions of traditional currencies like the dollar, the value is the same $1. The reason why they were created is that people wanted the convenience of the likes of Bitcoin for digital payment, to allow people […]
‘DeFi’ is a fashionable term of late, with almost daily news of fortunes being won and lost in the growing DeFi space as the total value increased from $1bn to $8bn in just the last year alone. Not surprising, this has attracted a lot of attention, with top crypto influencer Qiao Wang tweeting that similar […]
Following the COVID-19 pandemic and the recession the US Government introduced a series of economic measures to stimulate the economy, not least of which was the stimulus relief checks issued in April as part of the $2.2tn stimulus bill. At the time, for the vast majority of Americans the check was used for basics, whether […]
