Cardano Defi Explained (VY Finance Mini Series Episode 1)

Check out my latest defi mini series! In this mini series we will cover all aspect of DEFI. Why VYFI crypto is one of my favorite Cardano defi projects, How does defi work, how much money can you make in one year using defi. How to decentralized exchange work. And much more. This is a Interview with special guest Steven Ward the Founder and CEO of VY Finance. What i think will become one of the Leading DEFI Exchanges on Cardano. If I am right we will see VY Finance be on of the biggest players in the Cardano DEX Ecosystem! #vyfi #defi #cardano

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0:00​​​ What is the Best Cardano Dex
0:15 Intro to Cardano Defi with Steven Ward
4:00 How to get started Using defi
4:47 What is VY Finance
5:15 What are Blockchain Layers and Protocols
6:53 Blockchain Layers Explained
8:23 What does Proof Of Work Mean?
10:13 Staking Pools Explained
11:50 Why is POS better than POW?

13:35 Could China Take Over Bitcoins Hash Power?
14:32 VYFI Crypto Explained
16:25 How are Dapps Built on a Blockchain
16:48 Smart Contracts Explained
18:19 Cryptocurrency Arbitrage Explained
18:44 Flash Loans Explained
22:01 Dapps Explained
24:18 What is a Dex?
24:51 What does a Crypto Wallet Do?
26:26 What is Impermanent loss

29:15 Intro to a Auto Harvester
32:00 How to get Liquidated in defi.
36:00 Liquidity Pool Mining Explained
38:25 Liquidity Pool Payouts
42:40 How do decentralized Exchange Make Money?
45:07 How Much Money Can You make in defi?
48:01 Risk Management Liquidity Pool Mining
53:15 VY Finance CEO Steven Ward
54:01 Cardano vs Ethereum Smart Contract Language
55:20 Cardano Decentralized Exchanges 2022

59:01 How do Cryptocurrency Audits Work

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