I don't understand the DeFi bullshit

[Anonymous No.24438656]

Anons are providing liquidity to some pools in return they are getting tokens, such as UNI.

What I understand in terms of providing Liquidity:
Give a pool my USDT or USDC in exchange I can earn Interest in other native tokens such as UNI, sushi etc?

Can someone explain this to a retard?

[Anonymous No.24438668]

>>24438656
Forgot to menton: you can get other tokens like curve etc and all of sudden you are getting 97% APR.

[Anonymous No.24438674]

>>24438656
yes

[Anonymous No.24438700]

>>24438656
Yes you just explained it to yourself retard

[Anonymous No.24438862]

DEFI is a ponzi trash

Stay away

[Anonymous No.24439072]

>>24438656
>give token pair to exchange
(eth and usdc, equal amount usually)
>other anons trade the market using your tokens as shares, saves time and gas to operate locally
>every trade pays a "convenience" fee to the network, network pays fee shares to you in liquid moneys
>more liquidity means more anons can trade the coin quicker and cheaper

you're being paid a fee schedule to make the market suck less, how much less the market sucks is reflected in the price of the exchange native token (uni, sushi, etc...)

hope that makes sense to a retard

[Anonymous No.24439838]

>>24438862
lol where have i heard that before

[Anonymous No.24439969]

impermanent loss is the only part i struggle with understanding

[Anonymous No.24440052]

Just remember the formula asset1 * asset2 = constant

[Anonymous No.24440096]

>>24439072
yep. I understand something I previously didn't. cheers

[Anonymous No.24440151]

You should check INJ to have a better understanding what a good DeFI is.

[Anonymous No.24440776]

>>24438668
i have no idea how no one is talking about CRV right now but i imagine they will be