Recently i have been investing into liquidity pools on uniswap also known as yield farming or liquidity mining. I have a total of $30000 invested across 3 liquidity …

source

Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com

We are continuing our mini-series that discuss multiple different concepts in the world of crypto.
The previous one was about Oracles, and today we are discussing Liquidity Aggregators.

What is liquidity? What is liguidity aggregation all about? Why it matters?

Liquidity in simple words is available supply. It can be a supply of money on one side, and it can be the supply of commodities on the other side. In the case of cryptocurrencies, we are talking about exchanging from one token to another.

At the moment there are many different places where you can exchange: there are centralized exchanges, and there are decentralized exchanges.
Lots of decentralized exchanges are very small, and they don’t have a lot of liquidity. The consequence of this is that you simply can’t do a transaction, or there is an impact on the price.

So there might be a lot of liquidity in the whole space but it’s spread out over all these exchanges.
Because of that, we are seeing liquidity aggregators. The idea behind this is that they go out and reach to all the different liquidity providers, and they pull them all together, so when you do the transaction you have the access to the entire pool.

Who are we and what do we do?

We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.

We have lots of interesting articles on different topics, we have relevant information up to date.

Author: Michael Rosmer

Feel free to join our community!

Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1

source

DeFi​ #YieldFarming​ #BlockChain​ #Ethereum​ #Cryptocurrency​ #Bitcoin​ Binance Referral Link: https://www.binance.com/en/register?ref=FH29U6AA …

source