EPISODE #241// Yield Farming and Diving Deep into DeFi with Gven Sariol

ABOUT GVEN SARIOL


My name is Gven but my students call me Crypto Swami. I have been teaching Crypto since January 2018 and have a group of approximately 250 successful students currently. I love what I do and I love everything that Crypto represents pertaining to freedom.

EPISODE #241// Yield Farming and Diving Deep into DeFi with Gven Sariol

ABOUT GVEN SARIOL


My name is Gven but my students call me Crypto Swami. I have been teaching Crypto since January 2018 and have a group of approximately 250 successful students currently. I love what I do and I love everything that Crypto represents pertaining to freedom.

Video

TOPICS DISCUSSED IN THIS EPISODE

✅ How to improve your vision

✅ Top mistakes to avoid

✅ Advice for wearing glasses

Video

TOPICS DISCUSSED IN THIS EPISODE

✅ All about crypto

✅Tips to starting a business

“We don't speculate, we're not traders. We accumulate, we're investors


- Gven

“We don't speculate, we're not traders. We accumulate, we're investors


- Gven

Audio

🕚 TIMESTAMPS


00:00 Welcome back!


01:00 How Gven started a business


02:30 Overcoming obstacles


04:00 Teaching all about crypto


07:20 All about blockchain


10:00 what is yield farming?


14:00 Gven's investment results


18:45 Learn about NFT gaming


23:00 Free call from Gven to you!


24:00 Connect with Gven



🎁 MORE FROM GVEN


Free gift: https://www.arcrypto.io




✅ FOLLOW VIKTORIIA MIRACLE


Text Viktoriia with any feedback or questions to https://api.whatsapp.com

Behind the scenes and more of me on instagram @viktoriia.miracle

Share my experience with crypto and money in my new Telegram channel


Audio

🕚 TIMESTAMPS


00:00 Welcome back!


01:00 How Gven started a business


02:30 Overcoming obstacles


04:00 Teaching all about crypto


07:20 All about blockchain


10:00 what is yield farming?


14:00 Gven's investment results


18:45 Learn about NFT gaming


23:00 Free call from Gven to you!


24:00 Connect with Gven



🎁 MORE FROM GVEN


Free gift: https://www.arcrypto.io




✅ FOLLOW VIKTORIIA MIRACLE


Text Viktoriia with any feedback or questions to https://api.whatsapp.com

Behind the scenes and more of me on Instagram @viktoriia.miracle

Share my experience with crypto and money in my new Telegram channel


Stay in tune with Happy Community

Sign up so we can stay in touch

Stay in tune with Happy Community

Sign up so we can stay in touch

Transcript

[00:00:06] Viktoriia Miracle: Hello. Hello and welcome back to happy time happy money podcast and I am your host Viktoriia Miracle, here with you with the Gven and he's name is Gven, but he students call him Crypto Swami. He has been teaching crypto since January 2018 and has a group of approximately 300 successful students currently. He loves what he does and he loves everything that crypto represents pertaining to freedom. Hi and welcome Gven.

[00:00:38] Gven Sariol: Hey, how's it going, Viktoriia? Thanks for having me on

[00:00:40] Viktoriia Miracle: Absolutely. So good to have you here with us. And as always, as always, we start from the same question that I've never going to be tired to ask is to share more about you.

[00:00:52] I want to know how you got into what you do right now and what is inspires you to do what you do right then?

[00:00:58] Gven Sariol: Yeah, absolutely. So, A couple, well, I started into crypto, in this in June of 2017. And, you know, at first I started because I heard about the games and all that stuff, but then I started learning more about crypto and I stayed for the revolution.

[00:01:16] Right. And you know, I, I was involved with the bull run in 2017, 2018. And in January of 2018, I started my own educational business, cause I just fell in love with crypto. I just loved what it stood for and all that stuff. And so I ended up getting about 40 students back then and I ended up going through a divorce in 2018 and then literally within the same 30 days, I ended up with cancer.

[00:01:47] And this was in September of 2018 and I ended up having a surgery for the cancer. I went through my divorce. I had a weed out, a lot of businesses cause I did have a whole bunch of businesses. I was in the law for about 18 years before that. And I ended up dropping my, my educational business because one, we were in the bear market and two, I wanted to survive and I had to like really bring my stress down.

[00:02:14] I had a stage two colon cancer, and so within that time and 2020, I ended up moving to Russia where you're from. And I ended up because I didn't go through chemotherapy. I ended up going through a treatment regimen with a Russian shaman out there for my cancer stuff. And while I was out there, literally the world locked down and I was about to come back to California, which is where I was from originally.

[00:02:42] And when I did or when I was about to, I said, you know what, I'm going to stay out here. And I was still in the law. I was still in doing all these things. And when I was out in Russia, I had taken a few cryptocurrency things because I felt like the market, you know, it was about to turn around, but I didn't really know much about what was going on.

[00:03:01] I saw things going on, like with Celsius and Nexo and then I, I just, I brought a little bit of information to read. And when I decided to stay on that same exact same day, I opened up my stuff, my laptop, and I just went to work and I worked from literally 12:00 PM in the afternoon, till 4:00 AM in the evening.

[00:03:24] And I closed my laptop when I was done. And I was like, holy shit. This thing is about to blow off top. And I saw, I started to see all the underlying stuff for defy. And this was, this was roughly in around April. So like all the defy summer and the farms hadn't come to fruition. But, one summer came around, we just started crushing it.

[00:03:48] And I said, I got to start teaching this again. So I literally left my job at the law firm. I was making, you know, in excess of $500,000 a year. And I said, I don't care what I get paid. I'm gonna, I'm gonna come back here and, and this is where my passion lies. I love crypto and I love what it stands for. And so ever since then, I've been teaching.

[00:04:10] Viktoriia Miracle: That is so cool. And I it's like, I see more and more people just like living everything and just getting into crypto because it's truly, like you said, it represents freedom. It represents the revolution of freedom that we're going to and defy, right. You mentioned defy, for at least nurses to de-centralize finances.

[00:04:30] And I want to go dive deeper into that because I think this is a true future for as really owning our own money and finances. So can you just elaborate on that more? What is it and how does it works? And what's the potential?

[00:04:46] Gven Sariol: In terms of defy. So, defy, you know, we really specify and teaching, yield farming, which hopefully some of your audience knows a little bit about it, but, yield farming is essentially, it's not anything different than what we're used to.

[00:05:01] So The way I like to equate it is, but say for instance, you have like the NASDAQ, right? The NASDAQ is a centralized exchange. So essentially what happens is the NASDAQ provides two things. In order to create what's called liquidity. Okay, they provide stock and then they provide an equal amount of dollars for the stock on the opposite end so that people like you and I can go in and we can trade apple stock or Tesla or whatever we decide that's on.

[00:05:32] Let's say the NASDAQ, right. And what ends up happening is every single time a stock is trading. You pay a fee of anywhere between $10 and $150 on average for them providing liquidity. Now, some of your people watching at home I'd be going well. I never pay that. Well, if you're part of like, let's say Robin hood or TD Ameritrade, you may not pay it.

[00:05:58] But they pay it on your behalf, right. And in exchange you give up a lot of information, right? And so what ends up happening though is the NASDAQ, the New York stock exchange, Binance, Coinbase. These are all examples of centralized exchanges. They all end up making billions of dollars from these fees so that people can trade.

[00:06:21] Well, now we have these things called, decentralized exchanges or Dexis, right. And what happens is you, Viktoriia, and me and whatever. Let's say 300 of my students and the guy in Peru and the guy in Russia, right? What ends up happening is we can now pull our money together using what's called a smart contract.

[00:06:43] And instead of one main institution making money. You and I are able to make those fees that tend to $150 per trade so that we keep that money, right. And now we're becoming the bank, we're becoming the institution. And that really gives you a lot of freedom when you have the ability to do that. And so that's like, kind of in a nutshell, what, what decentralized finances.

[00:07:10] Viktoriia Miracle: So what potential do super that? Like what, what is it that going to be where we can use this and who is going to use this?

[00:07:19] Gven Sariol: Well, the cool thing is right now, anybody can use it and, and, and, you know, that's where I think the government is having such a hard time wrapping their head around this because they're like, how do we stop this thing?

[00:07:30] Well, you don't, you literally have to shut down the internet, right? A lot of these companies they're called DAOS or decentralized autonomous organizations, which means the power lies within you and I, right. So we control that ecosystem. We vote, right. We hold and own the token, the tokens that control these different blockchains or these different projects, right. And so it's, it's really interesting when, when people ask me questions like that, because I'm like, you know, this is really the future and it's so easy to access that anybody can get into it, but here's the thing, Viktoriia. The problem is not the problem. Th the thing that people don't realize is, you know, a lot of people say, yeah, I'm in defy.

[00:08:17] Right? And I go, what, what farms are you in? Or what NFT gaming stuff? Where are you putting liquidity? Right. And they look at you, like, you're crazy. Like, what did he just say? Did he say a cuss word to me or something and in crypto, you know? And, and I go, I go, well, look, you might own defy coins, but you're not actually putting them the work, right.

[00:08:38] And so I think there's what, like 20 million people in the world that use cryptocurrencies out of that only 600,000 people are in defy. So let that sink in, like how much room we have to go, right. And, you know, defy it's as simple as literally, you know, somebody let's say Peru or the country of Georgia or Russia, literally all you need is a wallet and a little bit of crypto, and you can start participating in liquidity pools and you know, maybe not on the Ethereum blockchain.

[00:09:12] And we'll talk about that in a little bit, but like on the MADEC blockchain on polka dot on Binance smart chain on Chronos. These are all blockchains that are, that are suited towards the little guy, which is what I love, because you can do all these micro-transactions and they don't cost you anything.

[00:09:29] So literally you could come in with 25 bucks if you wanted to and provide liquidity and nobody's going to say anything about it. So that's, and you're able to make, you know, massive returns that we were never able to make before, because these centralized institutions kept all the money to themselves.

[00:09:50] Viktoriia Miracle: Absolutely, that's yeah, absolutely. So what has the yield farming? Right? Explain just how the works in terms of how you're getting this massive returns.

[00:10:00] Gven Sariol: Yeah. So yield farming is a little different than like the NASDAQ, the expression that I gave you. So when we yield farm, right, let's say for instance, you own a yield farm, a pair.

[00:10:10] So just like the NASDAQ, right. Instead of like Tesla stock and cash. Okay. We would have a pair like Bitcoin and Ethereum, right. And what ends up happening is when we pool our money together. Okay. You're going to make a fee off every single trade that is made in the amount of anywhere between 0.25% and 0.3%.

[00:10:38] Okay, and what ends up happening is depending on the trading volume that you have and the amount of money and people that are in the actual liquidity pool, you own a portion of that liquidity pool. So let's say for instance, Viktoriia, we've got a liquidity pool of Bitcoin in Ethereum and you end up putting in $10,000, okay into this liquidity pool with 10 other people. All right. And that whole pool is worth a hundred thousand dollars. Well, you own 10% of that liquidity pool. Well, let's say that the fees generated during that day are a thousand bucks. Well, you're going to get a hundred dollars, which is 10% of the thousand dollars on that day in fee, right.

[00:11:29] And so this is how we're generating such massive returns right now. And I haven't, I have a saying we don't speculate, right? We're not traders. We accumulate we're investors, right. And so instead of, you know, trying to time the market and find all this stuff, you know, Technical analysis. I say all that's BS, right?

[00:11:50] I say, put it in a liquidity pool or in a farm with two stable coins like Bitcoin and Ethereum and you're going to earn an additional 50% in Bitcoin in Ethereum. So at the end of the day, let's say you have one Bitcoin. Well, you're going to end up with 1.5 Bitcoins. All right. At the end of the year, if you're getting paid 50% APY, right or annual percentage yield. That's really how I've accumulated a ton of wealth is just simply by being the bank and learning this new skill. Now it's relatively easy to yield farm, but at the same time, getting in is hard and finding the right information is really, really hard because you can really get into bad projects where you could have a rug pole, which means the developers take your money.

[00:12:40] You can get into a scam, a complete scam where they're lying to you, all these things, you could have a farm or a liquidity pool that could go illiquid. So these are all things that you do have to learn before getting into defy, because there's a lot of ways to lose money more than just one.

[00:12:56] Viktoriia Miracle: So what is your favorite ones?

[00:12:58] Gven Sariol: So I've had many favorite ones.

[00:13:02] Viktoriia Miracle: All right. Well, give us three top three that you like love and you know, they're a legit and great.

[00:13:10] Gven Sariol: Yeah. So, I mean, when you, when you look at it, there's, there's a few there, obviously the. Man, which ones I would say right now, there's one on the salon and network that I'm in called tulip.garden.

[00:13:25] Okay. And it's actually a leverage farm. So for those of you degenerates listening to this, all right, you can actually get into tulip.garden and essentially let's say you have a hundred dollars worth of sole right. And you want to create a liquidity pool with soul and USDC, which is a stable coin, right. And so what ends up happening is, if I only have $100 in soul, I'm only going to make 50% off of the amount of soul that I have. Right. Well now too, tulip.garden allows you to actually borrow USDC. So instead of farming and getting an APY, a 50% off of just your $100, now you're getting 50% off of $200 with borrowed money. Okay, now you have to understand how to use that.

[00:14:20] It's not as simple as just how I said it, but that's one of my favorite ones right now, because you use other people's money to make more money, right. And then, uh, let's see, there's another one on Kronos. Okay. It's called beefy.finance. They just added and then also AutoFarm. Those are probably the other two.

[00:14:40] So Kronos is what's called in IBC. Okay, and an IBC is internet of blockchains. Okay, and the whole thing behind the blockchain that's been a barrier to a lot of people is blockchains up until this point have not been interrupted. Okay. Meaning they don't talk to each other. Well, Kronos is interoperable on a, on a, what we call kind of a layer zero called cosmos.

[00:15:09] Okay, and cosmos allows different blockchains, Ethereum, polka dot, whatever ADA, Cardona to now talk together so that you don't have to be doing these complicated bridges or selling into one crypto to transfer it into an ecosystem. And it's really, really changing the world, but Kronos is definitely one.

[00:15:32] Kronos is crypto.com's blockchain. So just how Binance has the Binance smart chain Kronos as the Kronos blockchain. And right now, I think just on my, on my crypto.com coins and my dollars, I'm making something ridiculous, like 73000% APY

[00:15:53] Viktoriia Miracle: On the crypto.com coins?

[00:15:55] Gven Sariol: On the crypto.com coin and dollars.

[00:15:57] Viktoriia Miracle: No, because the more people getting, so the whole point with those farms, you want to find them early because the more people get in the less APR you have, right. And that's right. It's always good. Up to the, you know, to the information and the second crypto, you, you gotta just be always in it otherwise it's just growing so fast.

[00:16:19] And it's just going so far that if you monthly, you're not following things like you probably behind. Yeah. But that's a cool about being in crypto. Right. And I think like entrepreneur or a lawyer, you've been a lawyer, it's like, it's always good to like, have a kind of movement around and understand things that are going on.

[00:16:36] You know, I really love one farm, that are actually the guys from Florida created. It's a cop defy. There are having also really good returns on the stable coins, which is right. There is, like 50% just on stable coins. You can get like, that's huge. That's good, its stable.

[00:16:54] Gven Sariol: No, no, no. So you gotta, you gotta check out fracks.finance, fracks.finance. So I actually got into fracks on the private sale. And so fracks, it was actually built by some developers from a project back in the days when EOS was going to be a thing and, and they built, Everpedia, which is the Wikipedia of blockchain.

[00:17:20] So they built this, stable coin project that is the absolute best Viktoriia, right now I'm making like a hundred percent APY on that one, just on my dollars. And this is the, yeah. This one is actually backed by USDC. So the way they mint their stable coin is by backing it with USDC, which is really, really cool.

[00:17:43] And I've been in it since January, in the farms and the APY is just keep going up. So I'm getting there's times where I'm making like 255% on my dollars.

[00:17:54] Viktoriia Miracle: That's crazy. Just imagine people. So imagine you have a thousand dollars and in a year, if you do like to do other 255, it's like you have. 350, it's three, 3,500 just by saving it at, in this farm instead of your Bank of America, that gives you a 0.001% of whatever.

[00:18:17] You don't even know how many zeroes after zeroes like crazy I'm like, wow, that's cool. I definitely am going to check out and I'm going to link everything to all the links that we mentioned in the, also in the episode page. That is always on in the show notes. So, yeah. That's, that's cool. So what about, I know we also wanted to speak a little bit with you about gaming.

[00:18:42] We have a few more minutes and I wanted to touch on that as well, because it's a huge part of defy as well.

[00:18:50] Gven Sariol: Yeah. 100%. Yeah, so gaming gaming. So once again, which, so we've been teaching crypto back since 2018, right? When it was like, literally the only thing you could really do is like traded on a centralized exchange, right. There was, there was decentralized exchanges back then, but it was like really, really convoluted. But when I remember like April or May of 2018. I went to the movie theater and I saw ready player one.

[00:19:19] Viktoriia Miracle: Oh. I just watched it literally few days ago. And it was like, how did I not see that movie? It's just so good. If you have not seen it, please go see it.

[00:19:31] Gven Sariol: Yeah, Viktoriia, I've literally watched ready player one like 15 times since then.

[00:19:36] Viktoriia Miracle: I'm going to watch it more because I'm going to show it to my friends and sleep with them and show it them.

[00:19:41] Gven Sariol: Yeah. Like go play a plater earn game, right. And then you go to ready player one and you're like, holy shit.

[00:19:49] This is really coming up. Right. This is really, really coming up. So I saw ready player one and I see. This is where crypto is going. And I, I remember I had a chat at the time and I had like 40 students in it and I messaged all of them. I'm like, you guys have to come and watch Ready Player One. This is the future of crypto, all these other things.

[00:20:10] And I, and I, we didn't know that they were going to be called NFTs back then. I mean, we had like crypto kitties, but like crypto kitties was like stupid, right. It was like, nobody's gonna, that's not going to catch on. Well, as soon as I saw this summer, Axie infinity starts to take off. I'm like, I'm going to check this stuff out.

[00:20:32] And when I, it was the same rabbit hole that I did when I got into defy back in Russia, right. And I was in, I was in the country of Georgia. That's where I was living at the time, over the summer. And I'm going like, oh my gosh, this thing is blowing off the top. Like literally during like May through August, when the crypto market was completely going down, the NFT gaming market was exploding, right. And so I started to take a look at it and I'm going like, wait a second. This is really the way that we're going to save the world. Right? This is the way we're going to be able to even out the playing field for people in third world countries, that don't make enough money cause like, let's say for instance, my Axiom infinities, I've got, I think 22 teams or something like that.

[00:21:18] Well, I have people in the Philippines playing for me every single day. And just right there, we split the profits. Okay, but I'm making like $6,000 per month in passive income from these people playing these Axiom infinities and then the added bonus that these people are making like four to $500 per month.

[00:21:40] Okay. Which is like a hundred or $200 more than what they were making as a waitress or as a Uber driver or whatever, and only working or playing games, I should say for only two three hours a day. So this is really going to change the landscape. This NFT gaming is not going anywhere. I don't care what the crypto market does really.

[00:22:03] But now, you know, I've gotten into a whole bunch of other games. I mean, Axiom infinity, ether orcs. I don't know if you've heard about that one, but it's a really, really cool one. I'm into Eluvia, which still hasn't launched yet, but I'm actually army. Yeah, that's, that's one of the ones that it is really, really interesting to me because the, the, to develop the two head guys, I don't, I don't think they're developers, but the two head guys are the two brothers of the main guy from synthetics network.

[00:22:37] And I forget their names, but their big brothers, the one who basically founded synthetics network. And I was just like, oh my gosh, when I read the white paper and I went through the token Nomics, I'm like, this.

[00:22:49] Viktoriia Miracle: The, you speaking about ether orcs or lithium, yeah, lithium. Lithium with the it's definitely going to be a great game.

[00:22:56] Yeah, definitely. Some things to get your hands on it. I'm going to put this also those names into the show notes for everybody to just go and check it out. Just like, you know, Yeah, like Gven said, you got to you every time when you start to learn about project, go to white pepper and tokenomics, even if you don't understand, just start reading them and you will start understanding them more and more and more.

[00:23:17] You will see the difference between that white pepper, good white pepper, bad tokenomics, good tokenomics . So totally go for it. Well, thank you very much. It was very, I think information reach and, my audience has a lot to do and a lot of homework to go over, which is absolutely amazing because this is great resources. And I know you have a free gift to as well, on top of all of it, and also share please where my audience can find you. Where they can get in touch and learn more from you.

[00:23:49] Gven Sariol: Absolutely. So we have, we have a 30 minute consultation that we'll do for free for, for your people. If they go to our website, they can apply for it there. It's arcrypto.io and, and then in regards to following me, there's really only one place that I go to, which is Instagram and my handle there is @swamicrypto and be careful because now that I'm getting bigger, there's a bunch of scam artists claiming to be me.

[00:24:17] So it's only @swamicrypto, nothing else, no underscore, no dot, no.

[00:24:23] Viktoriia Miracle: Oh, perfect. Yes. We will link that as well in the episodes link and you can go and click there. It's going to be the right one. Awesome. Thank you very much. Thank you very much for coming. Thank you for sharing your knowledge and always too good to learn from such amazing people like you, Gven, and thank you for watching or listening to this episode.

[00:24:42] If you watch that, if you all listen to give us a comment, like or subscribe, anything that you can spread more love and support to this channel and this happy time happy money podcast. Thank you very much and I'll see you next week. Bye.

Transcript

[00:00:06] Viktoriia Miracle: Hello. Hello and welcome back to happy time happy money podcast and I am your host Viktoriia Miracle, here with you with the Gven and he's name is Gven, but he students call him Crypto Swami. He has been teaching crypto since January 2018 and has a group of approximately 300 successful students currently. He loves what he does and he loves everything that crypto represents pertaining to freedom. Hi and welcome Gven.

[00:00:38] Gven Sariol: Hey, how's it going, Viktoriia? Thanks for having me on

[00:00:40] Viktoriia Miracle: Absolutely. So good to have you here with us. And as always, as always, we start from the same question that I've never going to be tired to ask is to share more about you.

[00:00:52] I want to know how you got into what you do right now and what is inspires you to do what you do right then?

[00:00:58] Gven Sariol: Yeah, absolutely. So, A couple, well, I started into crypto, in this in June of 2017. And, you know, at first I started because I heard about the games and all that stuff, but then I started learning more about crypto and I stayed for the revolution.

[00:01:16] Right. And you know, I, I was involved with the bull run in 2017, 2018. And in January of 2018, I started my own educational business, cause I just fell in love with crypto. I just loved what it stood for and all that stuff. And so I ended up getting about 40 students back then and I ended up going through a divorce in 2018 and then literally within the same 30 days, I ended up with cancer.

[00:01:47] And this was in September of 2018 and I ended up having a surgery for the cancer. I went through my divorce. I had a weed out, a lot of businesses cause I did have a whole bunch of businesses. I was in the law for about 18 years before that. And I ended up dropping my, my educational business because one, we were in the bear market and two, I wanted to survive and I had to like really bring my stress down.

[00:02:14] I had a stage two colon cancer, and so within that time and 2020, I ended up moving to Russia where you're from. And I ended up because I didn't go through chemotherapy. I ended up going through a treatment regimen with a Russian shaman out there for my cancer stuff. And while I was out there, literally the world locked down and I was about to come back to California, which is where I was from originally.

[00:02:42] And when I did or when I was about to, I said, you know what, I'm going to stay out here. And I was still in the law. I was still in doing all these things. And when I was out in Russia, I had taken a few cryptocurrency things because I felt like the market, you know, it was about to turn around, but I didn't really know much about what was going on.

[00:03:01] I saw things going on, like with Celsius and Nexo and then I, I just, I brought a little bit of information to read. And when I decided to stay on that same exact same day, I opened up my stuff, my laptop, and I just went to work and I worked from literally 12:00 PM in the afternoon, till 4:00 AM in the evening.

[00:03:24] And I closed my laptop when I was done. And I was like, holy shit. This thing is about to blow off top. And I saw, I started to see all the underlying stuff for defy. And this was, this was roughly in around April. So like all the defy summer and the farms hadn't come to fruition. But, one summer came around, we just started crushing it.

[00:03:48] And I said, I got to start teaching this again. So I literally left my job at the law firm. I was making, you know, in excess of $500,000 a year. And I said, I don't care what I get paid. I'm gonna, I'm gonna come back here and, and this is where my passion lies. I love crypto and I love what it stands for. And so ever since then, I've been teaching.

[00:04:10] Viktoriia Miracle: That is so cool. And I it's like, I see more and more people just like living everything and just getting into crypto because it's truly, like you said, it represents freedom. It represents the revolution of freedom that we're going to and defy, right. You mentioned defy, for at least nurses to de-centralize finances.

[00:04:30] And I want to go dive deeper into that because I think this is a true future for as really owning our own money and finances. So can you just elaborate on that more? What is it and how does it works? And what's the potential?

[00:04:46] Gven Sariol: In terms of defy. So, defy, you know, we really specify and teaching, yield farming, which hopefully some of your audience knows a little bit about it, but, yield farming is essentially, it's not anything different than what we're used to.

[00:05:01] So The way I like to equate it is, but say for instance, you have like the NASDAQ, right? The NASDAQ is a centralized exchange. So essentially what happens is the NASDAQ provides two things. In order to create what's called liquidity. Okay, they provide stock and then they provide an equal amount of dollars for the stock on the opposite end so that people like you and I can go in and we can trade apple stock or Tesla or whatever we decide that's on.

[00:05:32] Let's say the NASDAQ, right. And what ends up happening is every single time a stock is trading. You pay a fee of anywhere between $10 and $150 on average for them providing liquidity. Now, some of your people watching at home I'd be going well. I never pay that. Well, if you're part of like, let's say Robin hood or TD Ameritrade, you may not pay it.

[00:05:58] But they pay it on your behalf, right. And in exchange you give up a lot of information, right? And so what ends up happening though is the NASDAQ, the New York stock exchange, Binance, Coinbase. These are all examples of centralized exchanges. They all end up making billions of dollars from these fees so that people can trade.

[00:06:21] Well, now we have these things called, decentralized exchanges or Dexis, right. And what happens is you, Viktoriia, and me and whatever. Let's say 300 of my students and the guy in Peru and the guy in Russia, right? What ends up happening is we can now pull our money together using what's called a smart contract.

[00:06:43] And instead of one main institution making money. You and I are able to make those fees that tend to $150 per trade so that we keep that money, right. And now we're becoming the bank, we're becoming the institution. And that really gives you a lot of freedom when you have the ability to do that. And so that's like, kind of in a nutshell, what, what decentralized finances.

[00:07:10] Viktoriia Miracle: So what potential do super that? Like what, what is it that going to be where we can use this and who is going to use this?

[00:07:19] Gven Sariol: Well, the cool thing is right now, anybody can use it and, and, and, you know, that's where I think the government is having such a hard time wrapping their head around this because they're like, how do we stop this thing?

[00:07:30] Well, you don't, you literally have to shut down the internet, right? A lot of these companies they're called DAOS or decentralized autonomous organizations, which means the power lies within you and I, right. So we control that ecosystem. We vote, right. We hold and own the token, the tokens that control these different blockchains or these different projects, right. And so it's, it's really interesting when, when people ask me questions like that, because I'm like, you know, this is really the future and it's so easy to access that anybody can get into it, but here's the thing, Viktoriia. The problem is not the problem. Th the thing that people don't realize is, you know, a lot of people say, yeah, I'm in defy.

[00:08:17] Right? And I go, what, what farms are you in? Or what NFT gaming stuff? Where are you putting liquidity? Right. And they look at you, like, you're crazy. Like, what did he just say? Did he say a cuss word to me or something and in crypto, you know? And, and I go, I go, well, look, you might own defy coins, but you're not actually putting them the work, right.

[00:08:38] And so I think there's what, like 20 million people in the world that use cryptocurrencies out of that only 600,000 people are in defy. So let that sink in, like how much room we have to go, right. And, you know, defy it's as simple as literally, you know, somebody let's say Peru or the country of Georgia or Russia, literally all you need is a wallet and a little bit of crypto, and you can start participating in liquidity pools and you know, maybe not on the Ethereum blockchain.

[00:09:12] And we'll talk about that in a little bit, but like on the MADEC blockchain on polka dot on Binance smart chain on Chronos. These are all blockchains that are, that are suited towards the little guy, which is what I love, because you can do all these micro-transactions and they don't cost you anything.

[00:09:29] So literally you could come in with 25 bucks if you wanted to and provide liquidity and nobody's going to say anything about it. So that's, and you're able to make, you know, massive returns that we were never able to make before, because these centralized institutions kept all the money to themselves.

[00:09:50] Viktoriia Miracle: Absolutely, that's yeah, absolutely. So what has the yield farming? Right? Explain just how the works in terms of how you're getting this massive returns.

[00:10:00] Gven Sariol: Yeah. So yield farming is a little different than like the NASDAQ, the expression that I gave you. So when we yield farm, right, let's say for instance, you own a yield farm, a pair.

[00:10:10] So just like the NASDAQ, right. Instead of like Tesla stock and cash. Okay. We would have a pair like Bitcoin and Ethereum, right. And what ends up happening is when we pool our money together. Okay. You're going to make a fee off every single trade that is made in the amount of anywhere between 0.25% and 0.3%.

[00:10:38] Okay, and what ends up happening is depending on the trading volume that you have and the amount of money and people that are in the actual liquidity pool, you own a portion of that liquidity pool. So let's say for instance, Viktoriia, we've got a liquidity pool of Bitcoin in Ethereum and you end up putting in $10,000, okay into this liquidity pool with 10 other people. All right. And that whole pool is worth a hundred thousand dollars. Well, you own 10% of that liquidity pool. Well, let's say that the fees generated during that day are a thousand bucks. Well, you're going to get a hundred dollars, which is 10% of the thousand dollars on that day in fee, right.

[00:11:29] And so this is how we're generating such massive returns right now. And I haven't, I have a saying we don't speculate, right? We're not traders. We accumulate we're investors, right. And so instead of, you know, trying to time the market and find all this stuff, you know, Technical analysis. I say all that's BS, right?

[00:11:50] I say, put it in a liquidity pool or in a farm with two stable coins like Bitcoin and Ethereum and you're going to earn an additional 50% in Bitcoin in Ethereum. So at the end of the day, let's say you have one Bitcoin. Well, you're going to end up with 1.5 Bitcoins. All right. At the end of the year, if you're getting paid 50% APY, right or annual percentage yield. That's really how I've accumulated a ton of wealth is just simply by being the bank and learning this new skill. Now it's relatively easy to yield farm, but at the same time, getting in is hard and finding the right information is really, really hard because you can really get into bad projects where you could have a rug pole, which means the developers take your money.

[00:12:40] You can get into a scam, a complete scam where they're lying to you, all these things, you could have a farm or a liquidity pool that could go illiquid. So these are all things that you do have to learn before getting into defy, because there's a lot of ways to lose money more than just one.

[00:12:56] Viktoriia Miracle: So what is your favorite ones?

[00:12:58] Gven Sariol: So I've had many favorite ones.

[00:13:02] Viktoriia Miracle: All right. Well, give us three top three that you like love and you know, they're a legit and great.

[00:13:10] Gven Sariol: Yeah. So, I mean, when you, when you look at it, there's, there's a few there, obviously the. Man, which ones I would say right now, there's one on the salon and network that I'm in called tulip.garden.

[00:13:25] Okay. And it's actually a leverage farm. So for those of you degenerates listening to this, all right, you can actually get into tulip.garden and essentially let's say you have a hundred dollars worth of sole right. And you want to create a liquidity pool with soul and USDC, which is a stable coin, right. And so what ends up happening is, if I only have $100 in soul, I'm only going to make 50% off of the amount of soul that I have. Right. Well now too, tulip.garden allows you to actually borrow USDC. So instead of farming and getting an APY, a 50% off of just your $100, now you're getting 50% off of $200 with borrowed money. Okay, now you have to understand how to use that.

[00:14:20] It's not as simple as just how I said it, but that's one of my favorite ones right now, because you use other people's money to make more money, right. And then, uh, let's see, there's another one on Kronos. Okay. It's called beefy.finance. They just added and then also AutoFarm. Those are probably the other two.

[00:14:40] So Kronos is what's called in IBC. Okay, and an IBC is internet of blockchains. Okay, and the whole thing behind the blockchain that's been a barrier to a lot of people is blockchains up until this point have not been interrupted. Okay. Meaning they don't talk to each other. Well, Kronos is interoperable on a, on a, what we call kind of a layer zero called cosmos.

[00:15:09] Okay, and cosmos allows different blockchains, Ethereum, polka dot, whatever ADA, Cardona to now talk together so that you don't have to be doing these complicated bridges or selling into one crypto to transfer it into an ecosystem. And it's really, really changing the world, but Kronos is definitely one.

[00:15:32] Kronos is crypto.com's blockchain. So just how Binance has the Binance smart chain Kronos as the Kronos blockchain. And right now, I think just on my, on my crypto.com coins and my dollars, I'm making something ridiculous, like 73000% APY

[00:15:53] Viktoriia Miracle: On the crypto.com coins?

[00:15:55] Gven Sariol: On the crypto.com coin and dollars.

[00:15:57] Viktoriia Miracle: No, because the more people getting, so the whole point with those farms, you want to find them early because the more people get in the less APR you have, right. And that's right. It's always good. Up to the, you know, to the information and the second crypto, you, you gotta just be always in it otherwise it's just growing so fast.

[00:16:19] And it's just going so far that if you monthly, you're not following things like you probably behind. Yeah. But that's a cool about being in crypto. Right. And I think like entrepreneur or a lawyer, you've been a lawyer, it's like, it's always good to like, have a kind of movement around and understand things that are going on.

[00:16:36] You know, I really love one farm, that are actually the guys from Florida created. It's a cop defy. There are having also really good returns on the stable coins, which is right. There is, like 50% just on stable coins. You can get like, that's huge. That's good, its stable.

[00:16:54] Gven Sariol: No, no, no. So you gotta, you gotta check out fracks.finance, fracks.finance. So I actually got into fracks on the private sale. And so fracks, it was actually built by some developers from a project back in the days when EOS was going to be a thing and, and they built, Everpedia, which is the Wikipedia of blockchain.

[00:17:20] So they built this, stable coin project that is the absolute best Viktoriia, right now I'm making like a hundred percent APY on that one, just on my dollars. And this is the, yeah. This one is actually backed by USDC. So the way they mint their stable coin is by backing it with USDC, which is really, really cool.

[00:17:43] And I've been in it since January, in the farms and the APY is just keep going up. So I'm getting there's times where I'm making like 255% on my dollars.

[00:17:54] Viktoriia Miracle: That's crazy. Just imagine people. So imagine you have a thousand dollars and in a year, if you do like to do other 255, it's like you have. 350, it's three, 3,500 just by saving it at, in this farm instead of your Bank of America, that gives you a 0.001% of whatever.

[00:18:17] You don't even know how many zeroes after zeroes like crazy I'm like, wow, that's cool. I definitely am going to check out and I'm going to link everything to all the links that we mentioned in the, also in the episode page. That is always on in the show notes. So, yeah. That's, that's cool. So what about, I know we also wanted to speak a little bit with you about gaming.

[00:18:42] We have a few more minutes and I wanted to touch on that as well, because it's a huge part of defy as well.

[00:18:50] Gven Sariol: Yeah. 100%. Yeah, so gaming gaming. So once again, which, so we've been teaching crypto back since 2018, right? When it was like, literally the only thing you could really do is like traded on a centralized exchange, right. There was, there was decentralized exchanges back then, but it was like really, really convoluted. But when I remember like April or May of 2018. I went to the movie theater and I saw ready player one.

[00:19:19] Viktoriia Miracle: Oh. I just watched it literally few days ago. And it was like, how did I not see that movie? It's just so good. If you have not seen it, please go see it.

[00:19:31] Gven Sariol: Yeah, Viktoriia, I've literally watched ready player one like 15 times since then.

[00:19:36] Viktoriia Miracle: I'm going to watch it more because I'm going to show it to my friends and sleep with them and show it them.

[00:19:41] Gven Sariol: Yeah. Like go play a plater earn game, right. And then you go to ready player one and you're like, holy shit.

[00:19:49] This is really coming up. Right. This is really, really coming up. So I saw ready player one and I see. This is where crypto is going. And I, I remember I had a chat at the time and I had like 40 students in it and I messaged all of them. I'm like, you guys have to come and watch Ready Player One. This is the future of crypto, all these other things.

[00:20:10] And I, and I, we didn't know that they were going to be called NFTs back then. I mean, we had like crypto kitties, but like crypto kitties was like stupid, right. It was like, nobody's gonna, that's not going to catch on. Well, as soon as I saw this summer, Axie infinity starts to take off. I'm like, I'm going to check this stuff out.

[00:20:32] And when I, it was the same rabbit hole that I did when I got into defy back in Russia, right. And I was in, I was in the country of Georgia. That's where I was living at the time, over the summer. And I'm going like, oh my gosh, this thing is blowing off the top. Like literally during like May through August, when the crypto market was completely going down, the NFT gaming market was exploding, right. And so I started to take a look at it and I'm going like, wait a second. This is really the way that we're going to save the world. Right? This is the way we're going to be able to even out the playing field for people in third world countries, that don't make enough money cause like, let's say for instance, my Axiom infinities, I've got, I think 22 teams or something like that.

[00:21:18] Well, I have people in the Philippines playing for me every single day. And just right there, we split the profits. Okay, but I'm making like $6,000 per month in passive income from these people playing these Axiom infinities and then the added bonus that these people are making like four to $500 per month.

[00:21:40] Okay. Which is like a hundred or $200 more than what they were making as a waitress or as a Uber driver or whatever, and only working or playing games, I should say for only two three hours a day. So this is really going to change the landscape. This NFT gaming is not going anywhere. I don't care what the crypto market does really.

[00:22:03] But now, you know, I've gotten into a whole bunch of other games. I mean, Axiom infinity, ether orcs. I don't know if you've heard about that one, but it's a really, really cool one. I'm into Eluvia, which still hasn't launched yet, but I'm actually army. Yeah, that's, that's one of the ones that it is really, really interesting to me because the, the, to develop the two head guys, I don't, I don't think they're developers, but the two head guys are the two brothers of the main guy from synthetics network.

[00:22:37] And I forget their names, but their big brothers, the one who basically founded synthetics network. And I was just like, oh my gosh, when I read the white paper and I went through the token Nomics, I'm like, this.

[00:22:49] Viktoriia Miracle: The, you speaking about ether orcs or lithium, yeah, lithium. Lithium with the it's definitely going to be a great game.

[00:22:56] Yeah, definitely. Some things to get your hands on it. I'm going to put this also those names into the show notes for everybody to just go and check it out. Just like, you know, Yeah, like Gven said, you got to you every time when you start to learn about project, go to white pepper and tokenomics, even if you don't understand, just start reading them and you will start understanding them more and more and more.

[00:23:17] You will see the difference between that white pepper, good white pepper, bad tokenomics, good tokenomics . So totally go for it. Well, thank you very much. It was very, I think information reach and, my audience has a lot to do and a lot of homework to go over, which is absolutely amazing because this is great resources. And I know you have a free gift to as well, on top of all of it, and also share please where my audience can find you. Where they can get in touch and learn more from you.

[00:23:49] Gven Sariol: Absolutely. So we have, we have a 30 minute consultation that we'll do for free for, for your people. If they go to our website, they can apply for it there. It's arcrypto.io and, and then in regards to following me, there's really only one place that I go to, which is Instagram and my handle there is @swamicrypto and be careful because now that I'm getting bigger, there's a bunch of scam artists claiming to be me.

[00:24:17] So it's only @swamicrypto, nothing else, no underscore, no dot, no.

[00:24:23] Viktoriia Miracle: Oh, perfect. Yes. We will link that as well in the episodes link and you can go and click there. It's going to be the right one. Awesome. Thank you very much. Thank you very much for coming. Thank you for sharing your knowledge and always too good to learn from such amazing people like you, Gven, and thank you for watching or listening to this episode.

[00:24:42] If you watch that, if you all listen to give us a comment, like or subscribe, anything that you can spread more love and support to this channel and this happy time happy money podcast. Thank you very much and I'll see you next week. Bye.