Algorand DeFi

Algorand: FULL Defi Guide! Yield Farming + NFTs!!

By Guy

Hey Guys,

As you know, I’m big on doing research, and I always do as much research as I can before I push out a video. Even then though, I don’t always get it right, and this was the case with Algorand.

I mentioned in my Solana vs. Algorand video that accelerated vesting had not yet finished when it had actually finished shortly before the video went out. More importantly though, I said that Algorand didn’t currently have any dApps, and that was completely false.

Although Algorand’s dApp ecosystem is quite small compared to other smart contract cryptos, it does exist, and there are actually some pretty cool dApps on it too. The hype hasn’t arrived there yet, and that’s good news for anyone who wants to get in early.

Algorand’s dApp experience isn’t all that bad. All of Algorand’s 3 dApp compatible wallets are pretty robust, and the only gripe I had was that you constantly have to enter your password. It’s also a very different experience than using Metamask.

As far as dApps go, I demo’ed three in this tutorial: the Tinyman DEX, Yieldly Finance and the Algo Gems NFT marketplace. Before you ask, yes, I do show you how to mint your very own Algorand NFT, and it’s damn easy!

I know that there are many more Algorand projects waiting to launch too, and we’re probably going to see a few of them go live in the coming weeks.

This makes it the perfect time for me to release this tutorial, and I hope you enjoy it!

⛓️ 🔗 Useful Links 🔗 ⛓️
► Algorand dApp List:
https://oroalej.github.io/intothealgo…
► Algo Signer: https://chrome.google.com/webstore/de…
► Algorand Wallet: https://algorandwallet.com/
► My Algo Wallet: https://wallet.myalgo.com/
► Tinyman DEX: https://app.tinyman.org/#/swap
► Yieldly Finance: https://app.yieldly.finance/
► AlgoGems NFTs: https://www.algogems.io/
► Algorand Twitter: https://twitter.com/Algorand

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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