Crypto Yield Farming can give you incredible passive income for any Crypto assets you own. I will explain why I only yield farm my crypto on the Binane Smart Chain (BSC) and now on my favourite site, Planet Finance.
I got through the basics of what is “Staking” vs “Yield Farming” and I show you how to set up Metamask to work on the BSC. I then give you an example of how to Swap coins and Stake those coins on Planet Finance.
This is not a paid advertisement for Planet Finance. I have no connection with the project but it seems like the best site and tokenomics for any Yield Aggregator I have ever investigated and I thought I should pass along what I have learned.
Timestamp of topics:
01:45 What is the difference between Staking and Yield Farming
02:45 Why Yield Farm Crypto pays such a good APY%
04:20 Impermanent Loss can be a risk with Yield Farming
06:40 Explaining that the high APY% is due to you getting a cut of the liquidity pool fees.
09:30 Why Yield Farm on BSC vs ETH or another smart contract ecosystems.
14:45 Metamask Wallet and how to set it up for Binance Smart Chain (BSC)
18:10 Examples of Swaps etc on Planet Finance
If you have not watched my previous episode on why I believe Planet Finance is the best option, please go back and watch my past episode by clicking this link:
For those that are new to Crypto and wondering how to get in:
My favourite Crypto Exchange is Binance.com. They allow you to trade and stake (to make passive interest) the highest number of coins and have the lowest trading fees.
Use this Binance.com link that will get you an additional 10% off your trading fees:
For Canadians trying to get into Cryptocurrencies quickly and easily with no deposit or withdrawal fees use Newton.
Use this link to get $25 added to your account just for trading $100.
Newton link:
source
How can I become a Planet Finance since Binance doesn't allow Vermonter to partake?
Everyone dont worry everything will be fine now is the perfect time to be buying in on the dip the lowest it will go is around the 63 price point which I feel this will put us around the end of January and then we will be listed on one of the other major exchanges driving the price up right around Valhalla coming out thereafter all the whales have by orders around 40K 4 Bitcoin and then expect everything to go up from there so hold on Vikings be patient and then off to the Moon we go
I am having some issues with earning my yields on PF lately and not getting any help from the dev team. was wondering if you have had issues with PF? I cant seem to earn any rewards lately. I am using trust wallet.
Oh man AQUA has done soo horrible. 2k per coin down to $170!!! You would have lost all your money anyway without that hacker
help, on the tokenomics page it shows a breakdown of gamma. if i withdraw i wil lose 50% off my money or am i reading that wrong???? i am very new to planet finance..
DeFi on Eth chain is just a massive money transfer Markov chain. Eventually every bit of value trading on that chain gets captured by the miners at a ridiculous rate. My brain can't comprehend the amount of value leaking into Ethereum coins from Fiat that it can keeps up with the ridiculous gas fee % per transaction.
omg, are you manually typing your spreadsheets rather than downloading them?
You could write a script to consolidate your platforms lol (my winter project lol)
well aqua didn't stand a test of time 😛
very informative though, thanks
This video did not age well. Just lost 70% of my money on this website as their AQUA token tanked due to a botched rollout of the Gamma token. Very unprofessional team. The 1000% APY on the BNB-AQUA pool evaporated and I still can get my money out
Yes this is good. I can find the site you are talking about. As I have watched other. They do not give links or tell how to navigate so we can invest on other sites.
Is this locked staking? If so then how many days your investment is locked?
I just can't figure out how to get out of it.
How do you un stake?
I couldn't get their website to load so many internal links – went to twitter and many others are stating the same thing. Too many issues for me to connect my wallet to this place.
Thank you for sharing this walkthrough! Do you have a spreadsheet template like what is shown in this video that you would be willing to share? Appreciate your hard work!
amazing content! been trying to grasp the concept of planet finance for a while now and this video was eye opening. thank you!!
So I’m staking my cake on red planet. Am I collecting Aqua in rewards, or am I also collecting cake? Do I need to take aqua earned and put it in the aqua auto compounder to get better results. Just wondering what the benefits are for putting my cake in PF ? Thank you!
Are you still using Metamask after the hack??
Hi Craig, the aqua tokens are not showing up on my metamask account, do I need to import the coin
Thank you! I just started my yield farming journey today!
its crazy how this defi guys are funnier the stand up comics no cap
Love your content mate! thank you!
Hi, is it normal that AQUA shows correctly in AQUA balance on Planet Finance (deposited in vault), but on MetaMask balance for AQUA shows zero?
Where do you recommend to swap USDT to binance so we can do this? THanks
do you do any training
What's the minimum investment
Your my new favourite youtuber….I would love if you could go step by step on each subject on how to buy and purchase and roll over profits….I know that what I have seen so far is ok for people like me who have been in crypto for 2 years now BUT I want my friends and family to watch your videos and they'll need more of a simple breakdown of Staking…LP….I watched you yesterday for the first time and today I'm all about planet finance…Thanks Craig and keep up the amazing work ….peace nuff luv ….
this is fantastic, my question is how do you get BNB into your metamask? Thanks!
The AQUA coin has doubled since you released this video!
So, they're going to change the reward coin from aqua to gamma? So unless gamma moons like aqua did, the percentages will drop?
So I appreciate you saying how many times a day you collect, but like you said there's a ratio of fee to reward. So since you're talking so much about the aqua bnb liquidity pair,how much money would you say you should have to collect, to make it worth collecting and recompounding; Noting that there's a several step process with multiple, albeit small fees?! Thank you in advance!
I learn a lot. Please compare Autofarm & Planet. Which one is better? thanks
Hi Craig, thanks for your great vids! Appreciate the time and effort. I have a question: I have been trying for a few days now to stake in the AQUA autocompounding red planet pool and my AQUA tokens (which are in my BSC chrome wallet with enough BNB to cover fees) wont 'deposit' (i just keep get the rotating wheel). Have you encountered this and can you think of a solution? Thanks Craig.
Does this just happen to me ?
I have a technical issue and am wondering if it is a bug in the system ?
Whenever I load the planet finance website it first takes time to show the main screen with all the pricing on it as seems to buffer for quite a while, then when I connect my Binance Chain wallet it goes back into buffering and then the main page/pricing does not show? If I then disconnect the wallet the main page then shows again after a small time buffering ?
Is this something that has been reported by any other users and if so do you have any idea of what can be done.
I look forward to your response.
Thanks for the great videos.
Left work early to go to my bank and do a wire transfer immediately after watching this video. Wowzers!! UNHEARD OF returns on your investment here! Doing some research too it does seem like a legit coin and system. Just so hard to believe these returns can exist haha.
My first DEFI investment…great video explaining process!…Subscribed!
It won’t be the best when Apr goes way down because you keep pushing these videos right? Right
i dont think that is not 6000 % try put 5k and to het a dollar rewards it took almost 30 minutes are you sure is 6000 %