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DeFi (C)NFT Utility - UNLEASH Boosting POWER & Compound your APR YEILD right NOW!
Non-Fungible Tokens (NFTs) have special value and utility in the Decentralized Finance (DeFI) space. They can increase rewards and APY, and often unlock eligibility for participants. In this video, we explore NFTs in the Cardano ecosystem, including the MELD, Genius Yield, Liqwid Finance, Minswap and Wingriders protocols.
We’ll also talk about how to acquire these NFTs on the jpg.store if you missed the Initial Stake Pool Offering (ISPO) or NFT minting.
Related Links: Crypto Courses, Events & More: www.cryptofluency.com
Links to Videos Mentioned in this Video:
Dripdropz Video: https://www.youtube.com/watch?v=bZhJcJ1urSU
Decentralized Exchanges Video: https://www.youtube.com/watch?v=Khfqf_drBDM
00:00 - CNFTs and how their utility unlocks fboosting power to compound further yield when you’re participating in the Cardano ecosystem
00:30 - What is the Bank Manager NFT in the MELD protocol?
01:30 - What is the Gold Rider NFT on the Wingriders DEX and what is its utility?
03:00 - Two Ways to get NFTs and FTs for extra utility on a DEX
06:20 - A comparison of the opportunity to earn greater yields by participating in the initial offerings when you have the NFTs or FTs.
08:30 - How to get updates and announcements on new opportunities to earn NFTs
10:00 - Why are Non-Fungible Tokens (NFTs) a big deal?
10:12 - Non-Fungible Tokens on the Genius Yield DEX with a Mascot Coin NFT
12:00 - Why do DEXs provide NFTs for greater APY?
12:58 - An overview of staking with Liquid Finance
16:02 - How do you earn Liquidity Provider Tokens for participating in a DEX and farming?
19:33 - How can you get a MELD Bank Manager NFT, and how do they help you grow your wealth?
20:50 - What is the MELD Diamond Hands NFT and what are its utilities?
23:30 - Why you should be encouraged and not discouraged if you’ve missed out on ISO and ISPO opportunities
23:57 - How to buy and acquire NFTs on JPG.Store to get an NFT if you missed the initial minting.
28:35 - Your NFTs stay in your wallet even while you are staking until you decide to sell it or move it.
30:11 - Owning more NFTs sometimes compounds their staking power.
31:31 - How to use ADAHandle to get your wallet address NFTs and link them to your crypto wallets.
32:40 - How new Cardano protocols use NFT minting to raise money to from the community and participants.
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