Today you’re going to follow my journey of how I moved $800 of my personal money to the Binance Smart Chain to take advantage of Yield Farming through a site called autofarm.network. Let’s see what yield farming on autofarm.network is all about! This was a tough one, give me a break.
0:00 Stupid intro
0:33 What is autofarm.network
1:17 How Banks earn yield off of you
1:30 How Crypto Is Giving Yield back to you
1:39 Is yield farming safe?
2:21 A SIP OF THE MONSTER
2:46 A look at the autofarm.network website
3:00 What is APY and APR?
3:08 What is TVL?
3:49 About Metamask and how to safely store your seed phrases
4:02 I AM NOT A FINANCIAL ADVISOR, THIS IS FOR ENTERTAINMENT
4:24 Set up Metamask to Binance Smart Chain
6:56 Allocating $1000 to earn yield on autofarm.network
9:38 SPONSORED BY FREETRIALS.COM
10:05 Use Binance Bridge to switch BUSD from ERC-20 to BEP-20
11:15 Swap BUSD
11:24 Add BEP-20 BUSD custom token to metamask
11:57 Get BNB to transact on Binance Smart Chain on Binance Bridge
12:39 Pivot from moving $1000 down to $800 to autofarm
13:04 How to swap CAKE with BUSD
14:31 Depositing BUSD to autofarm.network using metamask
15:41 Depositing CAKE to autofarm.network using metamask
16:33 Total amount deposited $666, this was hard.
17:10 Stupid outro
Read full article transcription here at https://shillmaster.com/2021/03/yield-farming-on-the-binance-smart-chain-with-autofarm-network/
Also check out my article and video on Best Cryptocurrency to Buy in 2021 here: https://shillmaster.com/2021/01/best-cryptocurrency-to-buy-in-2021/