Episode 15: Wrapping up DeFi (why liquidity is so important, yield farming, LP tokens, major risks)

- What yield means, and the difference between APR and APY- Explaining liquidity staking again: key definitions, why liquidity is important, how ICO's work, and a real step-by-step example using the Raydium DEX on the Solana network- How to choose where to provide liquidity, how to calculate returns, and some information on yield aggregators- 6 major categories of risk in DeFi: scams, bugs and hacks, high gas fees, rug pulls, foundational risks, and user error- Where this leaves the TradFi industry-----The corresponding blog post with links and images:https://www.michaelcaloz.com/2021/09/21/easing-into-crypto-part-15-wrapping-up-defi-lp-tokens-yield-farming-calculating-return-yield-aggregators-and-major-risks/