Yield Farming Risk Management With The RugDoc

1:45 - What is Yield Farming?
3:50 - What is a Rug?
5:30 - Mitigating Risk & Audits
9:00 - Platform Reviews vs. Audits
12:30 - Identifying & uncovering scams
15:20 - Getting in early with new DeFi dApps
17:00 - DeFi with & without RugDoc
19:45 - More Scams in a Bear Market
23:00 - Presale Scams
27:00 - Evaluating Farms with RugDoc
31:30 - RugDoc tools like DiffChecker
35:00 - Farming on Different Chains & Protocols
38:00 - Centralized vs. Decentralized
40:00 - Traditional Finance vs. DeFi
41:50 - What are the Red Flags?
45:15 - Projects that Advertise with RugDoc
49:00 - Value Added for the Community
51:30 - Sophisticated Rug Codes Uncovered
54:35 - Advice for New Farmers
56:50 - Common Mistakes
59:45 - Patterns, Trends and Competition
01:02:00 - “Don’t Trust Anything” / Beware of Bots
01:03:00 - Building an Engaged Community
01:04:00 - Closing Thoughts

I sat down with The Rug Doc to chat about decentralized finance, yield farms, safety, and risk management in DeFi as well as talk about her community's safety and education initiatives

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Disclaimer: The information presented within this video is NOT financial advice.

[ArticulateDesignASMR]

As a side note, if you want to send me the audio/stock footage for balancing before you release these kinds of videos, I'll happily do it for my own selfish reasons of not wishing to adjust my volume so much haha

[RugDoc]

Thanks again for helping shine a light on DeFi community safety! And keep up the amazing content!

[melaniebui]

What a brilliant guest. Doing admirable things. I learned a lot.

[icdevdev]

I cannot believe that some folks are commenting on the AUDIO imbalance! Seriously? What superb content!! I didn't notice the imbalance at all

[WarSkills]

This is legit the best videos on DeFi investing for beginners I have seen (Taiki Maeda was also dope as hell, but this is just pure gold)

[aususa]

Ben .. I love your channel .. however the quality of your audio is subpar. I am hopeful you will take the time to make your own assessment by watching this video back and noting the difference in decibels between your output and that of your guests. It is somewhat inconvenient for your subscribers to have to keep adjusting between the two levels.

[DanaJumper]

Welp, Ben, despite your world class interviewing skills, you are still the best content in crypto. Thanks for this long form discussion, I was hoping you would be able to take on more defi topics.

[surfstyk.crypto]

Thanks Ben, been with your channel for some time. Love to see more on DeFi. Can't wait to see your math skills applied to all this yield mania.

[Mark-tovy]

Very Interesting and valuable interview with a smart lady, thx!

[CB-bpxc]

Hey Ben well done what a great crypto subject!!! I can’t wait for more content like this!!!

[jasonberry]

Thanks, Ben! I learned a lot about the world of defi from this perspective.

[GottaRoar]

Great video and great resource. Thanks Ben.

[TheExodusLost]

*Ben’s wife comes storming in after **6:05*

[benyblancs]

ty Ben for this interview and continuing to provide value in the space. I'll echo what another commenter said, it would be great if you would create a trusted yield farming protocol, similar to what you have with Cardano.

[stevephilips]

epic video thanks to the 2 of you loved it

[nanoIQ]

Name + face would have help to gain a bit of trust on this guest.

[josephg]

time stamps would be nice on something this long. thanks for the great content

[amanwilliams]

Ben, PLEASE fix your audio issues. When you have someone on your channel, the guests audio is explosively loud and your voice is too low. There’s no way to pick a volume level on my device that allows me to hear both of you without having the guest voice blaring.

[ANGELG]

I would recommend that you interview Richard Heart for advanced level discussion on this topic.

[cr_dpsky]

Over the last three months I have tested about 20 yield farms. Unfortunately, maybe only 4 of them were profitable, but not enough to make up for the losses on the other farms, so I just lost all my budget that I spent on experimenting with yield farms. I was left with nothing... The last few I participated in were WorldSwap (London, Berlin, Honoi editions), Magma, RedDevil, Rediant, Titan and many more.
A few observations as a warning. All these farms work on the same principle. Very often the creators will offer pre-sale tokens for around $1 or more, but so what if the price never beats the pre-sale price once the farm is launched and quickly dives to the bottom, leaving you with a worthless token. High APR farms/pools don't stand a chance against the galloping price collapse and you can be sure they won't save you from a loss. I tried to focus on the lowest and low risk farms, as rated by Rugdoc, to avoid rogue developers and total failures. Although the projects seemed to be fine, in terms of making money on them they were a total flop. If you put the definitions of yield farm and passive income side by side, it unfortunately sounds like a grim joke. After researching the whole Yeld Farms industry and losing $1k in the whole experiment, I'm going back to long-term hoarding of BTC, ETH and a few others. Less stress, more time for myself and most importantly more money in my pocket.