WEBVTT
Kind: captions
Language: en

00:00:00.340 --> 00:00:04.070 align:start position:0%
 
[Music]

00:00:04.070 --> 00:00:04.080 align:start position:0%
 
 

00:00:04.080 --> 00:00:06.389 align:start position:0%
 
welcome<00:00:04.640><c> back</c><00:00:04.799><c> to</c><00:00:04.960><c> the</c><00:00:05.120><c> world</c><00:00:05.359><c> of</c><00:00:05.520><c> cryptos</c><00:00:06.240><c> and</c>

00:00:06.389 --> 00:00:06.399 align:start position:0%
welcome back to the world of cryptos and
 

00:00:06.399 --> 00:00:08.150 align:start position:0%
welcome back to the world of cryptos and
welcome<00:00:06.799><c> back</c><00:00:06.960><c> to</c><00:00:07.120><c> the</c><00:00:07.279><c> crypto</c><00:00:07.680><c> corner</c>

00:00:08.150 --> 00:00:08.160 align:start position:0%
welcome back to the crypto corner
 

00:00:08.160 --> 00:00:10.549 align:start position:0%
welcome back to the crypto corner
i<00:00:08.240><c> hope</c><00:00:08.400><c> you</c><00:00:08.559><c> had</c><00:00:08.639><c> a</c><00:00:08.720><c> fantastic</c><00:00:09.360><c> week</c><00:00:10.160><c> and</c><00:00:10.400><c> as</c>

00:00:10.549 --> 00:00:10.559 align:start position:0%
i hope you had a fantastic week and as
 

00:00:10.559 --> 00:00:11.990 align:start position:0%
i hope you had a fantastic week and as
you<00:00:10.719><c> know</c>

00:00:11.990 --> 00:00:12.000 align:start position:0%
you know
 

00:00:12.000 --> 00:00:13.430 align:start position:0%
you know
there's<00:00:12.320><c> always</c><00:00:12.639><c> something</c><00:00:12.960><c> exciting</c>

00:00:13.430 --> 00:00:13.440 align:start position:0%
there's always something exciting
 

00:00:13.440 --> 00:00:15.190 align:start position:0%
there's always something exciting
happening<00:00:13.759><c> in</c><00:00:13.920><c> crypto</c><00:00:14.320><c> so</c><00:00:14.480><c> let's</c><00:00:14.639><c> take</c><00:00:14.880><c> a</c><00:00:14.960><c> look</c>

00:00:15.190 --> 00:00:15.200 align:start position:0%
happening in crypto so let's take a look
 

00:00:15.200 --> 00:00:16.870 align:start position:0%
happening in crypto so let's take a look
into<00:00:15.440><c> it</c>

00:00:16.870 --> 00:00:16.880 align:start position:0%
into it
 

00:00:16.880 --> 00:00:19.429 align:start position:0%
into it
the<00:00:17.039><c> market</c><00:00:17.359><c> has</c><00:00:17.520><c> recovered</c><00:00:18.000><c> a</c><00:00:18.080><c> little</c><00:00:18.320><c> bit</c><00:00:18.720><c> um</c>

00:00:19.429 --> 00:00:19.439 align:start position:0%
the market has recovered a little bit um
 

00:00:19.439 --> 00:00:21.429 align:start position:0%
the market has recovered a little bit um
it's<00:00:19.680><c> not</c><00:00:19.920><c> at</c><00:00:20.000><c> the</c><00:00:20.160><c> 400</c>

00:00:21.429 --> 00:00:21.439 align:start position:0%
it's not at the 400
 

00:00:21.439 --> 00:00:23.590 align:start position:0%
it's not at the 400
billion<00:00:21.840><c> us</c><00:00:22.080><c> dollar</c><00:00:22.400><c> we</c><00:00:22.560><c> had</c><00:00:23.119><c> almost</c><00:00:23.439><c> two</c>

00:00:23.590 --> 00:00:23.600 align:start position:0%
billion us dollar we had almost two
 

00:00:23.600 --> 00:00:24.710 align:start position:0%
billion us dollar we had almost two
weeks<00:00:23.840><c> ago</c>

00:00:24.710 --> 00:00:24.720 align:start position:0%
weeks ago
 

00:00:24.720 --> 00:00:26.150 align:start position:0%
weeks ago
before<00:00:25.039><c> the</c><00:00:25.199><c> correction</c><00:00:25.760><c> but</c><00:00:26.000><c> it's</c>

00:00:26.150 --> 00:00:26.160 align:start position:0%
before the correction but it's
 

00:00:26.160 --> 00:00:28.150 align:start position:0%
before the correction but it's
recovering<00:00:26.720><c> nicely</c><00:00:27.039><c> and</c><00:00:27.199><c> as</c><00:00:27.359><c> you</c><00:00:27.439><c> can</c><00:00:27.599><c> see</c>

00:00:28.150 --> 00:00:28.160 align:start position:0%
recovering nicely and as you can see
 

00:00:28.160 --> 00:00:31.750 align:start position:0%
recovering nicely and as you can see
we<00:00:28.320><c> see</c><00:00:28.480><c> a</c><00:00:28.560><c> lot</c><00:00:28.720><c> of</c><00:00:28.880><c> green</c><00:00:31.039><c> in</c>

00:00:31.750 --> 00:00:31.760 align:start position:0%
we see a lot of green in
 

00:00:31.760 --> 00:00:34.229 align:start position:0%
we see a lot of green in
in<00:00:31.840><c> the</c><00:00:32.000><c> market</c><00:00:32.399><c> cap</c><00:00:33.280><c> but</c><00:00:33.520><c> if</c><00:00:33.600><c> we</c><00:00:33.760><c> start</c><00:00:34.000><c> after</c>

00:00:34.229 --> 00:00:34.239 align:start position:0%
in the market cap but if we start after
 

00:00:34.239 --> 00:00:35.190 align:start position:0%
in the market cap but if we start after
our<00:00:34.480><c> seven</c><00:00:34.719><c> days</c>

00:00:35.190 --> 00:00:35.200 align:start position:0%
our seven days
 

00:00:35.200 --> 00:00:38.630 align:start position:0%
our seven days
we<00:00:35.440><c> see</c><00:00:35.840><c> the</c><00:00:36.079><c> usual</c><00:00:36.480><c> picture</c><00:00:37.040><c> d5</c><00:00:37.600><c> d5</c><00:00:38.079><c> d5</c>

00:00:38.630 --> 00:00:38.640 align:start position:0%
we see the usual picture d5 d5 d5
 

00:00:38.640 --> 00:00:41.990 align:start position:0%
we see the usual picture d5 d5 d5
d5<00:00:39.200><c> and</c><00:00:39.280><c> so</c><00:00:39.520><c> on</c><00:00:39.760><c> and</c><00:00:39.840><c> so</c><00:00:40.000><c> on</c><00:00:41.280><c> and</c><00:00:41.520><c> if</c><00:00:41.600><c> we</c><00:00:41.760><c> sort</c>

00:00:41.990 --> 00:00:42.000 align:start position:0%
d5 and so on and so on and if we sort
 

00:00:42.000 --> 00:00:43.590 align:start position:0%
d5 and so on and so on and if we sort
and<00:00:42.160><c> by</c><00:00:42.320><c> the</c><00:00:42.480><c> negative</c>

00:00:43.590 --> 00:00:43.600 align:start position:0%
and by the negative
 

00:00:43.600 --> 00:00:46.869 align:start position:0%
and by the negative
it's<00:00:43.760><c> similar</c><00:00:44.239><c> also</c><00:00:45.039><c> d5</c><00:00:45.600><c> d5</c><00:00:46.079><c> d5</c>

00:00:46.869 --> 00:00:46.879 align:start position:0%
it's similar also d5 d5 d5
 

00:00:46.879 --> 00:00:48.470 align:start position:0%
it's similar also d5 d5 d5
and<00:00:47.039><c> so</c><00:00:47.280><c> we</c><00:00:47.360><c> get</c><00:00:47.520><c> a</c><00:00:47.600><c> lot</c><00:00:47.760><c> of</c><00:00:47.920><c> questions</c><00:00:48.320><c> in</c>

00:00:48.470 --> 00:00:48.480 align:start position:0%
and so we get a lot of questions in
 

00:00:48.480 --> 00:00:50.470 align:start position:0%
and so we get a lot of questions in
regards<00:00:48.960><c> to</c><00:00:49.520><c> d5</c>

00:00:50.470 --> 00:00:50.480 align:start position:0%
regards to d5
 

00:00:50.480 --> 00:00:53.350 align:start position:0%
regards to d5
as<00:00:50.719><c> one</c><00:00:50.960><c> can</c><00:00:51.199><c> imagine</c><00:00:52.320><c> and</c><00:00:52.559><c> i'd</c><00:00:52.640><c> like</c><00:00:52.800><c> to</c><00:00:52.960><c> dive</c>

00:00:53.350 --> 00:00:53.360 align:start position:0%
as one can imagine and i'd like to dive
 

00:00:53.360 --> 00:00:55.029 align:start position:0%
as one can imagine and i'd like to dive
a<00:00:53.440><c> little</c><00:00:53.680><c> bit</c><00:00:53.920><c> into</c>

00:00:55.029 --> 00:00:55.039 align:start position:0%
a little bit into
 

00:00:55.039 --> 00:00:57.990 align:start position:0%
a little bit into
how<00:00:55.360><c> to</c><00:00:55.520><c> be</c><00:00:56.000><c> safe</c><00:00:56.480><c> when</c><00:00:56.800><c> investing</c><00:00:57.440><c> in</c><00:00:57.760><c> this</c>

00:00:57.990 --> 00:00:58.000 align:start position:0%
how to be safe when investing in this
 

00:00:58.000 --> 00:01:00.389 align:start position:0%
how to be safe when investing in this
famous<00:00:58.480><c> yield</c><00:00:58.800><c> farming</c>

00:01:00.389 --> 00:01:00.399 align:start position:0%
famous yield farming
 

00:01:00.399 --> 00:01:02.150 align:start position:0%
famous yield farming
market<00:01:00.800><c> so</c><00:01:01.039><c> let's</c><00:01:01.199><c> take</c><00:01:01.440><c> a</c><00:01:01.520><c> look</c><00:01:01.760><c> into</c><00:01:01.920><c> that</c>

00:01:02.150 --> 00:01:02.160 align:start position:0%
market so let's take a look into that
 

00:01:02.160 --> 00:01:04.869 align:start position:0%
market so let's take a look into that
you<00:01:02.320><c> probably</c><00:01:02.640><c> saw</c><00:01:02.879><c> this</c><00:01:03.280><c> tool</c><00:01:03.600><c> here</c><00:01:03.920><c> from</c><00:01:04.159><c> me</c>

00:01:04.869 --> 00:01:04.879 align:start position:0%
you probably saw this tool here from me
 

00:01:04.879 --> 00:01:08.350 align:start position:0%
you probably saw this tool here from me
last<00:01:05.199><c> time</c><00:01:06.159><c> we</c><00:01:06.320><c> spoke</c><00:01:06.640><c> about</c><00:01:06.880><c> this</c><00:01:07.119><c> here</c>

00:01:08.350 --> 00:01:08.360 align:start position:0%
last time we spoke about this here
 

00:01:08.360 --> 00:01:10.070 align:start position:0%
last time we spoke about this here
yieldfarmingtools.com

00:01:10.070 --> 00:01:10.080 align:start position:0%
yieldfarmingtools.com
 

00:01:10.080 --> 00:01:12.149 align:start position:0%
yieldfarmingtools.com
which<00:01:10.400><c> lists</c><00:01:10.880><c> not</c><00:01:11.119><c> all</c><00:01:11.280><c> of</c><00:01:11.360><c> them</c><00:01:11.520><c> but</c><00:01:11.760><c> some</c><00:01:12.000><c> of</c>

00:01:12.149 --> 00:01:12.159 align:start position:0%
which lists not all of them but some of
 

00:01:12.159 --> 00:01:13.350 align:start position:0%
which lists not all of them but some of
those<00:01:13.040><c> uh</c>

00:01:13.350 --> 00:01:13.360 align:start position:0%
those uh
 

00:01:13.360 --> 00:01:16.630 align:start position:0%
those uh
yield<00:01:13.680><c> farming</c><00:01:15.360><c> opportunities</c><00:01:16.159><c> that</c><00:01:16.320><c> are</c><00:01:16.479><c> out</c>

00:01:16.630 --> 00:01:16.640 align:start position:0%
yield farming opportunities that are out
 

00:01:16.640 --> 00:01:19.109 align:start position:0%
yield farming opportunities that are out
there<00:01:16.960><c> and</c><00:01:17.200><c> i</c><00:01:17.360><c> explained</c><00:01:17.759><c> in</c><00:01:17.840><c> the</c><00:01:17.920><c> last</c><00:01:18.240><c> video</c>

00:01:19.109 --> 00:01:19.119 align:start position:0%
there and i explained in the last video
 

00:01:19.119 --> 00:01:23.670 align:start position:0%
there and i explained in the last video
why<00:01:19.600><c> an</c><00:01:19.920><c> apr</c><00:01:20.479><c> of</c><00:01:20.720><c> 889</c><00:01:22.080><c> is</c><00:01:22.240><c> possible</c>

00:01:23.670 --> 00:01:23.680 align:start position:0%
why an apr of 889 is possible
 

00:01:23.680 --> 00:01:26.789 align:start position:0%
why an apr of 889 is possible
and<00:01:24.000><c> if</c><00:01:24.159><c> you</c><00:01:24.320><c> click</c><00:01:24.799><c> on</c><00:01:25.200><c> this</c>

00:01:26.789 --> 00:01:26.799 align:start position:0%
and if you click on this
 

00:01:26.799 --> 00:01:29.190 align:start position:0%
and if you click on this
option<00:01:27.200><c> here</c><00:01:27.920><c> then</c><00:01:28.159><c> you</c><00:01:28.320><c> see</c><00:01:28.560><c> that</c><00:01:28.720><c> the</c><00:01:28.880><c> smart</c>

00:01:29.190 --> 00:01:29.200 align:start position:0%
option here then you see that the smart
 

00:01:29.200 --> 00:01:29.830 align:start position:0%
option here then you see that the smart
contract

00:01:29.830 --> 00:01:29.840 align:start position:0%
contract
 

00:01:29.840 --> 00:01:32.149 align:start position:0%
contract
risk<00:01:30.320><c> level</c><00:01:30.720><c> is</c><00:01:30.960><c> high</c><00:01:31.280><c> and</c><00:01:31.439><c> the</c><00:01:31.600><c> impermanent</c>

00:01:32.149 --> 00:01:32.159 align:start position:0%
risk level is high and the impermanent
 

00:01:32.159 --> 00:01:34.230 align:start position:0%
risk level is high and the impermanent
loss<00:01:32.640><c> level</c><00:01:32.960><c> is</c><00:01:33.200><c> high</c>

00:01:34.230 --> 00:01:34.240 align:start position:0%
loss level is high
 

00:01:34.240 --> 00:01:36.390 align:start position:0%
loss level is high
and<00:01:34.400><c> so</c><00:01:34.560><c> i</c><00:01:34.640><c> explained</c><00:01:35.040><c> to</c><00:01:35.200><c> you</c><00:01:35.600><c> that</c><00:01:36.000><c> smart</c>

00:01:36.390 --> 00:01:36.400 align:start position:0%
and so i explained to you that smart
 

00:01:36.400 --> 00:01:39.109 align:start position:0%
and so i explained to you that smart
contract<00:01:37.040><c> that's</c><00:01:37.280><c> something</c><00:01:37.759><c> that</c><00:01:38.000><c> you</c><00:01:38.159><c> can</c>

00:01:39.109 --> 00:01:39.119 align:start position:0%
contract that's something that you can
 

00:01:39.119 --> 00:01:42.310 align:start position:0%
contract that's something that you can
check<00:01:39.439><c> by</c><00:01:39.680><c> going</c><00:01:40.079><c> into</c><00:01:40.759><c> defysafety.com</c>

00:01:42.310 --> 00:01:42.320 align:start position:0%
check by going into defysafety.com
 

00:01:42.320 --> 00:01:44.710 align:start position:0%
check by going into defysafety.com
that<00:01:42.640><c> will</c><00:01:42.880><c> explain</c><00:01:43.280><c> to</c><00:01:43.520><c> you</c><00:01:43.840><c> which</c><00:01:44.159><c> protocol</c>

00:01:44.710 --> 00:01:44.720 align:start position:0%
that will explain to you which protocol
 

00:01:44.720 --> 00:01:46.469 align:start position:0%
that will explain to you which protocol
is<00:01:44.880><c> safe</c><00:01:45.119><c> and</c><00:01:45.280><c> which</c><00:01:45.520><c> one</c><00:01:45.759><c> isn't</c>

00:01:46.469 --> 00:01:46.479 align:start position:0%
is safe and which one isn't
 

00:01:46.479 --> 00:01:48.550 align:start position:0%
is safe and which one isn't
so<00:01:46.640><c> if</c><00:01:46.799><c> it's</c><00:01:46.880><c> something</c><00:01:47.280><c> in</c><00:01:47.520><c> red</c><00:01:48.000><c> i</c><00:01:48.320><c> would</c>

00:01:48.550 --> 00:01:48.560 align:start position:0%
so if it's something in red i would
 

00:01:48.560 --> 00:01:50.149 align:start position:0%
so if it's something in red i would
definitely<00:01:48.880><c> not</c><00:01:49.119><c> touch</c><00:01:49.439><c> that</c>

00:01:50.149 --> 00:01:50.159 align:start position:0%
definitely not touch that
 

00:01:50.159 --> 00:01:51.990 align:start position:0%
definitely not touch that
if<00:01:50.320><c> it's</c><00:01:50.479><c> green</c><00:01:51.040><c> then</c><00:01:51.280><c> yes</c><00:01:51.520><c> it</c><00:01:51.680><c> has</c><00:01:51.759><c> been</c>

00:01:51.990 --> 00:01:52.000 align:start position:0%
if it's green then yes it has been
 

00:01:52.000 --> 00:01:53.190 align:start position:0%
if it's green then yes it has been
audited<00:01:52.479><c> and</c><00:01:52.640><c> it's</c>

00:01:53.190 --> 00:01:53.200 align:start position:0%
audited and it's
 

00:01:53.200 --> 00:01:56.709 align:start position:0%
audited and it's
probably<00:01:53.840><c> safe</c><00:01:55.680><c> the</c><00:01:56.079><c> other</c><00:01:56.399><c> thing</c>

00:01:56.709 --> 00:01:56.719 align:start position:0%
probably safe the other thing
 

00:01:56.719 --> 00:01:58.950 align:start position:0%
probably safe the other thing
is<00:01:56.880><c> the</c><00:01:56.960><c> impermanent</c><00:01:57.600><c> loss</c><00:01:58.000><c> and</c><00:01:58.240><c> to</c><00:01:58.479><c> explain</c>

00:01:58.950 --> 00:01:58.960 align:start position:0%
is the impermanent loss and to explain
 

00:01:58.960 --> 00:02:00.469 align:start position:0%
is the impermanent loss and to explain
how<00:01:59.200><c> that</c><00:01:59.439><c> one</c><00:01:59.680><c> works</c>

00:02:00.469 --> 00:02:00.479 align:start position:0%
how that one works
 

00:02:00.479 --> 00:02:01.990 align:start position:0%
how that one works
because<00:02:00.719><c> everybody</c><00:02:01.200><c> has</c><00:02:01.360><c> got</c><00:02:01.520><c> a</c><00:02:01.600><c> question</c>

00:02:01.990 --> 00:02:02.000 align:start position:0%
because everybody has got a question
 

00:02:02.000 --> 00:02:03.830 align:start position:0%
because everybody has got a question
what<00:02:02.159><c> is</c><00:02:02.399><c> impermanent</c><00:02:02.799><c> loss</c><00:02:03.200><c> just</c><00:02:03.439><c> those</c><00:02:03.680><c> two</c>

00:02:03.830 --> 00:02:03.840 align:start position:0%
what is impermanent loss just those two
 

00:02:03.840 --> 00:02:06.149 align:start position:0%
what is impermanent loss just those two
words<00:02:04.240><c> are</c><00:02:04.399><c> really</c><00:02:04.719><c> weird</c><00:02:05.040><c> anyway</c>

00:02:06.149 --> 00:02:06.159 align:start position:0%
words are really weird anyway
 

00:02:06.159 --> 00:02:08.790 align:start position:0%
words are really weird anyway
so<00:02:06.320><c> if</c><00:02:06.479><c> we</c><00:02:06.560><c> look</c><00:02:06.719><c> at</c><00:02:06.880><c> the</c><00:02:06.960><c> traditional</c><00:02:07.520><c> market</c>

00:02:08.790 --> 00:02:08.800 align:start position:0%
so if we look at the traditional market
 

00:02:08.800 --> 00:02:10.790 align:start position:0%
so if we look at the traditional market
yeah<00:02:09.039><c> like</c><00:02:09.280><c> here</c><00:02:09.520><c> i</c><00:02:09.679><c> pulled</c><00:02:09.920><c> up</c><00:02:10.080><c> binance</c>

00:02:10.790 --> 00:02:10.800 align:start position:0%
yeah like here i pulled up binance
 

00:02:10.800 --> 00:02:14.390 align:start position:0%
yeah like here i pulled up binance
uh<00:02:11.200><c> with</c><00:02:11.599><c> exam</c><00:02:12.160><c> and</c><00:02:12.319><c> bdc</c><00:02:13.760><c> uh</c>

00:02:14.390 --> 00:02:14.400 align:start position:0%
uh with exam and bdc uh
 

00:02:14.400 --> 00:02:16.150 align:start position:0%
uh with exam and bdc uh
then<00:02:14.640><c> you</c><00:02:14.879><c> see</c><00:02:15.120><c> here</c><00:02:15.520><c> that</c><00:02:15.760><c> you've</c><00:02:15.920><c> got</c><00:02:16.080><c> the</c>

00:02:16.150 --> 00:02:16.160 align:start position:0%
then you see here that you've got the
 

00:02:16.160 --> 00:02:17.990 align:start position:0%
then you see here that you've got the
order<00:02:16.480><c> book</c><00:02:16.879><c> people</c><00:02:17.200><c> want</c><00:02:17.440><c> to</c><00:02:17.520><c> sell</c><00:02:17.840><c> and</c>

00:02:17.990 --> 00:02:18.000 align:start position:0%
order book people want to sell and
 

00:02:18.000 --> 00:02:19.910 align:start position:0%
order book people want to sell and
people<00:02:18.239><c> that</c><00:02:18.400><c> want</c><00:02:18.640><c> to</c><00:02:18.800><c> buy</c>

00:02:19.910 --> 00:02:19.920 align:start position:0%
people that want to buy
 

00:02:19.920 --> 00:02:22.550 align:start position:0%
people that want to buy
and<00:02:20.400><c> in</c><00:02:20.560><c> the</c><00:02:20.640><c> middle</c><00:02:21.040><c> somewhere</c><00:02:21.760><c> they</c><00:02:22.239><c> find</c>

00:02:22.550 --> 00:02:22.560 align:start position:0%
and in the middle somewhere they find
 

00:02:22.560 --> 00:02:22.949 align:start position:0%
and in the middle somewhere they find
the

00:02:22.949 --> 00:02:22.959 align:start position:0%
the
 

00:02:22.959 --> 00:02:25.430 align:start position:0%
the
mutual<00:02:23.360><c> prices</c><00:02:23.840><c> acceptable</c><00:02:24.640><c> but</c><00:02:25.040><c> you've</c><00:02:25.280><c> got</c>

00:02:25.430 --> 00:02:25.440 align:start position:0%
mutual prices acceptable but you've got
 

00:02:25.440 --> 00:02:26.150 align:start position:0%
mutual prices acceptable but you've got
people<00:02:25.840><c> that</c>

00:02:26.150 --> 00:02:26.160 align:start position:0%
people that
 

00:02:26.160 --> 00:02:27.750 align:start position:0%
people that
have<00:02:26.480><c> got</c><00:02:26.640><c> different</c><00:02:27.040><c> price</c><00:02:27.280><c> views</c><00:02:27.680><c> and</c>

00:02:27.750 --> 00:02:27.760 align:start position:0%
have got different price views and
 

00:02:27.760 --> 00:02:30.390 align:start position:0%
have got different price views and
they're<00:02:28.000><c> just</c><00:02:28.239><c> willing</c><00:02:28.560><c> to</c><00:02:28.720><c> wait</c><00:02:28.959><c> or</c><00:02:29.120><c> not</c><00:02:29.360><c> wait</c>

00:02:30.390 --> 00:02:30.400 align:start position:0%
they're just willing to wait or not wait
 

00:02:30.400 --> 00:02:33.589 align:start position:0%
they're just willing to wait or not wait
and<00:02:30.560><c> that's</c><00:02:30.800><c> not</c><00:02:31.040><c> the</c><00:02:31.200><c> case</c><00:02:31.760><c> in</c><00:02:33.040><c> protocols</c>

00:02:33.589 --> 00:02:33.599 align:start position:0%
and that's not the case in protocols
 

00:02:33.599 --> 00:02:35.990 align:start position:0%
and that's not the case in protocols
like<00:02:34.840><c> uniswap</c>

00:02:35.990 --> 00:02:36.000 align:start position:0%
like uniswap
 

00:02:36.000 --> 00:02:37.750 align:start position:0%
like uniswap
as<00:02:36.160><c> you</c><00:02:36.319><c> probably</c><00:02:36.640><c> saw</c><00:02:36.959><c> in</c><00:02:37.040><c> uni</c><00:02:37.360><c> swap</c><00:02:37.680><c> you</c>

00:02:37.750 --> 00:02:37.760 align:start position:0%
as you probably saw in uni swap you
 

00:02:37.760 --> 00:02:39.910 align:start position:0%
as you probably saw in uni swap you
don't<00:02:38.000><c> have</c><00:02:38.480><c> an</c><00:02:38.800><c> order</c><00:02:39.040><c> book</c>

00:02:39.910 --> 00:02:39.920 align:start position:0%
don't have an order book
 

00:02:39.920 --> 00:02:41.910 align:start position:0%
don't have an order book
and<00:02:40.000><c> the</c><00:02:40.160><c> way</c><00:02:40.319><c> that</c><00:02:40.560><c> that's</c><00:02:40.800><c> set</c><00:02:41.120><c> up</c><00:02:41.599><c> is</c>

00:02:41.910 --> 00:02:41.920 align:start position:0%
and the way that that's set up is
 

00:02:41.920 --> 00:02:44.309 align:start position:0%
and the way that that's set up is
explained<00:02:42.319><c> through</c><00:02:42.480><c> this</c><00:02:42.800><c> chart</c><00:02:43.120><c> here</c>

00:02:44.309 --> 00:02:44.319 align:start position:0%
explained through this chart here
 

00:02:44.319 --> 00:02:46.630 align:start position:0%
explained through this chart here
so<00:02:45.040><c> at</c><00:02:45.200><c> the</c><00:02:45.360><c> beginning</c><00:02:45.840><c> when</c><00:02:46.000><c> you</c><00:02:46.160><c> build</c><00:02:46.400><c> up</c><00:02:46.560><c> a</c>

00:02:46.630 --> 00:02:46.640 align:start position:0%
so at the beginning when you build up a
 

00:02:46.640 --> 00:02:48.070 align:start position:0%
so at the beginning when you build up a
pool<00:02:46.959><c> in</c><00:02:47.040><c> uniswap</c>

00:02:48.070 --> 00:02:48.080 align:start position:0%
pool in uniswap
 

00:02:48.080 --> 00:02:50.229 align:start position:0%
pool in uniswap
you<00:02:48.239><c> decide</c><00:02:48.640><c> how</c><00:02:48.800><c> many</c><00:02:49.120><c> ethereum</c><00:02:49.760><c> and</c><00:02:49.920><c> in</c><00:02:50.080><c> this</c>

00:02:50.229 --> 00:02:50.239 align:start position:0%
you decide how many ethereum and in this
 

00:02:50.239 --> 00:02:52.070 align:start position:0%
you decide how many ethereum and in this
case<00:02:50.480><c> how</c><00:02:50.640><c> many</c><00:02:50.959><c> die</c><00:02:51.200><c> you're</c><00:02:51.440><c> putting</c><00:02:51.840><c> into</c>

00:02:52.070 --> 00:02:52.080 align:start position:0%
case how many die you're putting into
 

00:02:52.080 --> 00:02:53.350 align:start position:0%
case how many die you're putting into
the<00:02:52.239><c> pool</c>

00:02:53.350 --> 00:02:53.360 align:start position:0%
the pool
 

00:02:53.360 --> 00:02:56.949 align:start position:0%
the pool
and<00:02:53.440><c> that's</c><00:02:53.680><c> the</c><00:02:53.920><c> ratio</c><00:02:54.560><c> that's</c><00:02:55.120><c> fixed</c><00:02:56.239><c> and</c><00:02:56.480><c> so</c>

00:02:56.949 --> 00:02:56.959 align:start position:0%
and that's the ratio that's fixed and so
 

00:02:56.959 --> 00:02:59.270 align:start position:0%
and that's the ratio that's fixed and so
of<00:02:57.120><c> course</c><00:02:57.360><c> the</c><00:02:57.519><c> prices</c><00:02:58.000><c> are</c><00:02:58.159><c> changing</c><00:02:58.959><c> and</c><00:02:59.120><c> if</c>

00:02:59.270 --> 00:02:59.280 align:start position:0%
of course the prices are changing and if
 

00:02:59.280 --> 00:03:01.030 align:start position:0%
of course the prices are changing and if
the<00:02:59.440><c> prices</c><00:02:59.760><c> are</c><00:02:59.920><c> changing</c><00:03:00.319><c> a</c><00:03:00.480><c> little</c><00:03:00.720><c> bit</c>

00:03:01.030 --> 00:03:01.040 align:start position:0%
the prices are changing a little bit
 

00:03:01.040 --> 00:03:02.869 align:start position:0%
the prices are changing a little bit
it's<00:03:01.280><c> no</c><00:03:01.440><c> problem</c><00:03:01.760><c> but</c><00:03:01.920><c> if</c><00:03:02.080><c> the</c><00:03:02.400><c> prices</c><00:03:02.720><c> are</c>

00:03:02.869 --> 00:03:02.879 align:start position:0%
it's no problem but if the prices are
 

00:03:02.879 --> 00:03:04.949 align:start position:0%
it's no problem but if the prices are
changing<00:03:03.280><c> a</c><00:03:03.360><c> lot</c><00:03:04.000><c> it</c><00:03:04.239><c> is</c><00:03:04.400><c> a</c><00:03:04.560><c> problem</c><00:03:04.879><c> and</c>

00:03:04.949 --> 00:03:04.959 align:start position:0%
changing a lot it is a problem and
 

00:03:04.959 --> 00:03:07.430 align:start position:0%
changing a lot it is a problem and
that's<00:03:05.200><c> called</c><00:03:05.440><c> impermanent</c><00:03:06.080><c> loss</c>

00:03:07.430 --> 00:03:07.440 align:start position:0%
that's called impermanent loss
 

00:03:07.440 --> 00:03:10.630 align:start position:0%
that's called impermanent loss
and<00:03:07.519><c> what</c><00:03:07.680><c> i've</c><00:03:07.840><c> done</c><00:03:08.159><c> here</c><00:03:08.400><c> for</c><00:03:08.560><c> you</c><00:03:08.959><c> is</c><00:03:09.519><c> um</c>

00:03:10.630 --> 00:03:10.640 align:start position:0%
and what i've done here for you is um
 

00:03:10.640 --> 00:03:13.270 align:start position:0%
and what i've done here for you is um
i<00:03:10.879><c> set</c><00:03:11.200><c> up</c><00:03:11.680><c> a</c><00:03:11.920><c> calculation</c><00:03:12.640><c> as</c><00:03:12.879><c> an</c><00:03:13.040><c> excel</c>

00:03:13.270 --> 00:03:13.280 align:start position:0%
i set up a calculation as an excel
 

00:03:13.280 --> 00:03:14.390 align:start position:0%
i set up a calculation as an excel
spreadsheet

00:03:14.390 --> 00:03:14.400 align:start position:0%
spreadsheet
 

00:03:14.400 --> 00:03:17.670 align:start position:0%
spreadsheet
so<00:03:14.560><c> you</c><00:03:14.640><c> can</c><00:03:14.879><c> see</c><00:03:15.120><c> here</c><00:03:15.360><c> for</c><00:03:15.519><c> example</c><00:03:16.720><c> when</c><00:03:17.040><c> we</c>

00:03:17.670 --> 00:03:17.680 align:start position:0%
so you can see here for example when we
 

00:03:17.680 --> 00:03:20.710 align:start position:0%
so you can see here for example when we
have<00:03:17.920><c> got</c><00:03:18.159><c> a</c><00:03:18.239><c> protocol</c><00:03:19.280><c> ethereum</c><00:03:19.840><c> and</c><00:03:20.000><c> sushi</c>

00:03:20.710 --> 00:03:20.720 align:start position:0%
have got a protocol ethereum and sushi
 

00:03:20.720 --> 00:03:23.750 align:start position:0%
have got a protocol ethereum and sushi
um<00:03:21.760><c> i</c><00:03:22.000><c> also</c><00:03:22.239><c> a</c><00:03:22.400><c> pool</c><00:03:22.640><c> we</c><00:03:22.800><c> provide</c><00:03:23.120><c> liquidity</c>

00:03:23.750 --> 00:03:23.760 align:start position:0%
um i also a pool we provide liquidity
 

00:03:23.760 --> 00:03:24.309 align:start position:0%
um i also a pool we provide liquidity
for<00:03:24.000><c> pool</c>

00:03:24.309 --> 00:03:24.319 align:start position:0%
for pool
 

00:03:24.319 --> 00:03:27.030 align:start position:0%
for pool
ethereum<00:03:24.799><c> and</c><00:03:24.879><c> sushi</c><00:03:25.280><c> the</c><00:03:25.440><c> price</c><00:03:26.640><c> when</c><00:03:26.879><c> we</c>

00:03:27.030 --> 00:03:27.040 align:start position:0%
ethereum and sushi the price when we
 

00:03:27.040 --> 00:03:29.110 align:start position:0%
ethereum and sushi the price when we
open<00:03:27.360><c> that</c><00:03:27.599><c> pool</c><00:03:27.840><c> is</c><00:03:28.000><c> 386</c>

00:03:29.110 --> 00:03:29.120 align:start position:0%
open that pool is 386
 

00:03:29.120 --> 00:03:32.309 align:start position:0%
open that pool is 386
and<00:03:29.440><c> the</c><00:03:29.760><c> sushi</c><00:03:30.159><c> price</c><00:03:30.400><c> is</c><00:03:30.840><c> 504</c>

00:03:32.309 --> 00:03:32.319 align:start position:0%
and the sushi price is 504
 

00:03:32.319 --> 00:03:35.509 align:start position:0%
and the sushi price is 504
and<00:03:33.280><c> today</c><00:03:33.840><c> the</c><00:03:34.080><c> price</c><00:03:34.640><c> went</c><00:03:34.879><c> down</c><00:03:35.120><c> a</c><00:03:35.280><c> little</c>

00:03:35.509 --> 00:03:35.519 align:start position:0%
and today the price went down a little
 

00:03:35.519 --> 00:03:35.830 align:start position:0%
and today the price went down a little
bit

00:03:35.830 --> 00:03:35.840 align:start position:0%
bit
 

00:03:35.840 --> 00:03:39.030 align:start position:0%
bit
in<00:03:36.000><c> ethereum</c><00:03:36.480><c> it's</c><00:03:36.720><c> now</c><00:03:37.480><c> 375.65</c>

00:03:39.030 --> 00:03:39.040 align:start position:0%
in ethereum it's now 375.65
 

00:03:39.040 --> 00:03:41.509 align:start position:0%
in ethereum it's now 375.65
and<00:03:39.280><c> sushi</c><00:03:39.599><c> are</c><00:03:39.680><c> left</c><00:03:39.920><c> here</c><00:03:40.159><c> at</c><00:03:40.239><c> 504</c><00:03:41.280><c> so</c><00:03:41.440><c> the</c>

00:03:41.509 --> 00:03:41.519 align:start position:0%
and sushi are left here at 504 so the
 

00:03:41.519 --> 00:03:43.270 align:start position:0%
and sushi are left here at 504 so the
impairment<00:03:41.920><c> loss</c><00:03:42.159><c> is</c><00:03:42.319><c> about</c><00:03:42.560><c> zero</c><00:03:42.799><c> percent</c><00:03:43.120><c> in</c>

00:03:43.270 --> 00:03:43.280 align:start position:0%
impairment loss is about zero percent in
 

00:03:43.280 --> 00:03:43.910 align:start position:0%
impairment loss is about zero percent in
other<00:03:43.440><c> words</c>

00:03:43.910 --> 00:03:43.920 align:start position:0%
other words
 

00:03:43.920 --> 00:03:47.589 align:start position:0%
other words
you<00:03:44.159><c> have</c><00:03:44.319><c> not</c><00:03:44.560><c> lost</c><00:03:44.879><c> any</c><00:03:45.120><c> of</c><00:03:45.280><c> your</c><00:03:45.440><c> money</c><00:03:46.640><c> but</c>

00:03:47.589 --> 00:03:47.599 align:start position:0%
you have not lost any of your money but
 

00:03:47.599 --> 00:03:50.710 align:start position:0%
you have not lost any of your money but
if<00:03:47.760><c> this</c><00:03:48.159><c> price</c><00:03:48.560><c> changes</c><00:03:49.040><c> significantly</c><00:03:50.400><c> then</c>

00:03:50.710 --> 00:03:50.720 align:start position:0%
if this price changes significantly then
 

00:03:50.720 --> 00:03:51.509 align:start position:0%
if this price changes significantly then
at<00:03:50.799><c> the</c><00:03:50.959><c> moment</c>

00:03:51.509 --> 00:03:51.519 align:start position:0%
at the moment
 

00:03:51.519 --> 00:03:54.710 align:start position:0%
at the moment
it's<00:03:51.840><c> our</c><00:03:52.159><c> it's</c><00:03:52.400><c> around</c><00:03:52.720><c> three</c><00:03:52.959><c> dollars</c><00:03:54.080><c> then</c>

00:03:54.710 --> 00:03:54.720 align:start position:0%
it's our it's around three dollars then
 

00:03:54.720 --> 00:03:56.470 align:start position:0%
it's our it's around three dollars then
there's<00:03:55.040><c> an</c><00:03:55.200><c> impermanent</c><00:03:55.599><c> loss</c><00:03:55.840><c> of</c><00:03:55.920><c> 2.9</c>

00:03:56.470 --> 00:03:56.480 align:start position:0%
there's an impermanent loss of 2.9
 

00:03:56.480 --> 00:03:59.190 align:start position:0%
there's an impermanent loss of 2.9
percent<00:03:56.879><c> so</c><00:03:57.040><c> you</c><00:03:57.200><c> lost</c><00:03:57.439><c> 2.9</c><00:03:58.080><c> percent</c><00:03:58.560><c> of</c><00:03:58.799><c> your</c>

00:03:59.190 --> 00:03:59.200 align:start position:0%
percent so you lost 2.9 percent of your
 

00:03:59.200 --> 00:04:02.630 align:start position:0%
percent so you lost 2.9 percent of your
assets<00:03:59.599><c> in</c><00:03:59.760><c> this</c><00:04:00.080><c> in</c><00:04:00.239><c> this</c><00:04:00.400><c> case</c><00:04:02.000><c> if</c><00:04:02.159><c> we</c>

00:04:02.630 --> 00:04:02.640 align:start position:0%
assets in this in this case if we
 

00:04:02.640 --> 00:04:05.110 align:start position:0%
assets in this in this case if we
make<00:04:02.959><c> that</c><00:04:03.120><c> difference</c><00:04:03.680><c> bigger</c><00:04:04.080><c> so</c><00:04:04.319><c> let's</c><00:04:04.720><c> say</c>

00:04:05.110 --> 00:04:05.120 align:start position:0%
make that difference bigger so let's say
 

00:04:05.120 --> 00:04:05.990 align:start position:0%
make that difference bigger so let's say
say

00:04:05.990 --> 00:04:06.000 align:start position:0%
say
 

00:04:06.000 --> 00:04:09.110 align:start position:0%
say
that<00:04:06.239><c> this</c><00:04:06.480><c> is</c><00:04:06.560><c> not</c><00:04:06.799><c> three</c><00:04:07.200><c> this</c><00:04:07.519><c> is</c><00:04:08.000><c> uh</c>

00:04:09.110 --> 00:04:09.120 align:start position:0%
that this is not three this is uh
 

00:04:09.120 --> 00:04:13.350 align:start position:0%
that this is not three this is uh
zero<00:04:10.159><c> point</c><00:04:11.280><c> uh</c><00:04:12.000><c> four</c>

00:04:13.350 --> 00:04:13.360 align:start position:0%
zero point uh four
 

00:04:13.360 --> 00:04:16.390 align:start position:0%
zero point uh four
then<00:04:13.599><c> you</c><00:04:13.680><c> see</c><00:04:14.000><c> you</c><00:04:14.159><c> lost</c><00:04:14.760><c> 47.2</c><00:04:15.760><c> percent</c><00:04:16.160><c> it's</c>

00:04:16.390 --> 00:04:16.400 align:start position:0%
then you see you lost 47.2 percent it's
 

00:04:16.400 --> 00:04:17.189 align:start position:0%
then you see you lost 47.2 percent it's
not

00:04:17.189 --> 00:04:17.199 align:start position:0%
not
 

00:04:17.199 --> 00:04:20.150 align:start position:0%
not
that<00:04:17.440><c> you</c><00:04:17.600><c> lost</c><00:04:18.160><c> the</c><00:04:18.320><c> sushi</c><00:04:18.880><c> part</c><00:04:19.280><c> of</c><00:04:19.680><c> your</c>

00:04:20.150 --> 00:04:20.160 align:start position:0%
that you lost the sushi part of your
 

00:04:20.160 --> 00:04:22.069 align:start position:0%
that you lost the sushi part of your
portfolio<00:04:20.880><c> because</c><00:04:21.199><c> remember</c>

00:04:22.069 --> 00:04:22.079 align:start position:0%
portfolio because remember
 

00:04:22.079 --> 00:04:26.629 align:start position:0%
portfolio because remember
there's<00:04:22.400><c> always</c><00:04:22.720><c> this</c><00:04:22.960><c> balance</c><00:04:24.960><c> you</c><00:04:25.280><c> lost</c>

00:04:26.629 --> 00:04:26.639 align:start position:0%
there's always this balance you lost
 

00:04:26.639 --> 00:04:30.469 align:start position:0%
there's always this balance you lost
47<00:04:27.600><c> of</c><00:04:27.680><c> your</c><00:04:27.840><c> whole</c><00:04:28.160><c> pool</c><00:04:28.880><c> so</c><00:04:29.440><c> the</c><00:04:29.600><c> good</c>

00:04:30.469 --> 00:04:30.479 align:start position:0%
47 of your whole pool so the good
 

00:04:30.479 --> 00:04:32.550 align:start position:0%
47 of your whole pool so the good
money<00:04:31.040><c> that</c><00:04:31.360><c> in</c><00:04:31.440><c> this</c><00:04:31.680><c> case</c><00:04:31.919><c> is</c><00:04:32.080><c> theorem</c><00:04:32.400><c> that</c>

00:04:32.550 --> 00:04:32.560 align:start position:0%
money that in this case is theorem that
 

00:04:32.560 --> 00:04:33.749 align:start position:0%
money that in this case is theorem that
stayed<00:04:32.880><c> stable</c>

00:04:33.749 --> 00:04:33.759 align:start position:0%
stayed stable
 

00:04:33.759 --> 00:04:36.070 align:start position:0%
stayed stable
you<00:04:33.919><c> lost</c><00:04:34.160><c> 47</c><00:04:35.120><c> of</c><00:04:35.199><c> that</c><00:04:35.360><c> one</c><00:04:35.520><c> too</c><00:04:35.759><c> and</c><00:04:35.840><c> that's</c>

00:04:36.070 --> 00:04:36.080 align:start position:0%
you lost 47 of that one too and that's
 

00:04:36.080 --> 00:04:38.469 align:start position:0%
you lost 47 of that one too and that's
the<00:04:36.240><c> risk</c><00:04:36.560><c> that</c><00:04:36.639><c> you're</c><00:04:36.800><c> carrying</c><00:04:37.280><c> here</c>

00:04:38.469 --> 00:04:38.479 align:start position:0%
the risk that you're carrying here
 

00:04:38.479 --> 00:04:40.310 align:start position:0%
the risk that you're carrying here
and<00:04:38.639><c> that's</c><00:04:38.880><c> a</c><00:04:38.960><c> problem</c><00:04:39.280><c> with</c><00:04:39.520><c> all</c><00:04:39.680><c> these</c><00:04:39.919><c> d5</c>

00:04:40.310 --> 00:04:40.320 align:start position:0%
and that's a problem with all these d5
 

00:04:40.320 --> 00:04:42.629 align:start position:0%
and that's a problem with all these d5
protocols<00:04:40.960><c> like</c><00:04:41.199><c> here</c><00:04:41.919><c> moon</c><00:04:42.320><c> which</c><00:04:42.560><c> is</c>

00:04:42.629 --> 00:04:42.639 align:start position:0%
protocols like here moon which is
 

00:04:42.639 --> 00:04:44.550 align:start position:0%
protocols like here moon which is
another<00:04:43.040><c> similar</c><00:04:43.440><c> to</c><00:04:43.600><c> sushi</c><00:04:44.000><c> you</c><00:04:44.160><c> have</c><00:04:44.240><c> got</c><00:04:44.400><c> an</c>

00:04:44.550 --> 00:04:44.560 align:start position:0%
another similar to sushi you have got an
 

00:04:44.560 --> 00:04:45.909 align:start position:0%
another similar to sushi you have got an
apy

00:04:45.909 --> 00:04:45.919 align:start position:0%
apy
 

00:04:45.919 --> 00:04:47.430 align:start position:0%
apy
of<00:04:46.080><c> three</c><00:04:46.320><c> thousand</c><00:04:46.720><c> percent</c><00:04:47.120><c> sounds</c>

00:04:47.430 --> 00:04:47.440 align:start position:0%
of three thousand percent sounds
 

00:04:47.440 --> 00:04:50.469 align:start position:0%
of three thousand percent sounds
fantastic<00:04:48.560><c> but</c><00:04:48.880><c> have</c><00:04:49.040><c> you</c><00:04:49.199><c> checked</c><00:04:49.520><c> the</c>

00:04:50.469 --> 00:04:50.479 align:start position:0%
fantastic but have you checked the
 

00:04:50.479 --> 00:04:53.510 align:start position:0%
fantastic but have you checked the
the<00:04:50.639><c> moon</c><00:04:50.960><c> price</c><00:04:51.919><c> yeah</c><00:04:52.160><c> so</c><00:04:52.320><c> let's</c><00:04:52.560><c> do</c><00:04:52.720><c> that</c><00:04:53.280><c> we</c>

00:04:53.510 --> 00:04:53.520 align:start position:0%
the moon price yeah so let's do that we
 

00:04:53.520 --> 00:04:55.110 align:start position:0%
the moon price yeah so let's do that we
if<00:04:53.680><c> we</c><00:04:53.840><c> go</c><00:04:54.080><c> into</c><00:04:54.400><c> here</c><00:04:54.800><c> and</c>

00:04:55.110 --> 00:04:55.120 align:start position:0%
if we go into here and
 

00:04:55.120 --> 00:04:58.550 align:start position:0%
if we go into here and
say<00:04:55.520><c> moon</c><00:04:57.199><c> then</c><00:04:57.440><c> you'll</c><00:04:57.680><c> see</c><00:04:57.919><c> the</c><00:04:58.080><c> risk</c><00:04:58.400><c> that</c>

00:04:58.550 --> 00:04:58.560 align:start position:0%
say moon then you'll see the risk that
 

00:04:58.560 --> 00:04:59.590 align:start position:0%
say moon then you'll see the risk that
you're<00:04:58.720><c> carrying</c><00:04:59.120><c> by</c><00:04:59.280><c> just</c>

00:04:59.590 --> 00:04:59.600 align:start position:0%
you're carrying by just
 

00:04:59.600 --> 00:05:02.469 align:start position:0%
you're carrying by just
investing<00:05:00.000><c> in</c><00:05:00.080><c> this</c><00:05:00.400><c> pool</c><00:05:01.600><c> yeah</c><00:05:01.840><c> so</c><00:05:02.080><c> let's</c><00:05:02.240><c> go</c>

00:05:02.469 --> 00:05:02.479 align:start position:0%
investing in this pool yeah so let's go
 

00:05:02.479 --> 00:05:04.230 align:start position:0%
investing in this pool yeah so let's go
14<00:05:02.960><c> days</c>

00:05:04.230 --> 00:05:04.240 align:start position:0%
14 days
 

00:05:04.240 --> 00:05:06.550 align:start position:0%
14 days
so<00:05:04.479><c> at</c><00:05:04.560><c> one</c><00:05:04.720><c> stage</c><00:05:05.039><c> it</c><00:05:05.199><c> was</c><00:05:05.360><c> 12</c><00:05:05.840><c> and</c><00:05:05.919><c> now</c><00:05:06.240><c> it's</c>

00:05:06.550 --> 00:05:06.560 align:start position:0%
so at one stage it was 12 and now it's
 

00:05:06.560 --> 00:05:08.070 align:start position:0%
so at one stage it was 12 and now it's
around<00:05:06.880><c> 2.90</c>

00:05:08.070 --> 00:05:08.080 align:start position:0%
around 2.90
 

00:05:08.080 --> 00:05:09.990 align:start position:0%
around 2.90
so<00:05:08.240><c> you</c><00:05:08.400><c> will</c><00:05:08.639><c> have</c><00:05:08.880><c> lost</c><00:05:09.120><c> significantly</c>

00:05:09.990 --> 00:05:10.000 align:start position:0%
so you will have lost significantly
 

00:05:10.000 --> 00:05:11.510 align:start position:0%
so you will have lost significantly
amount<00:05:10.320><c> whether</c><00:05:10.560><c> it's</c><00:05:10.720><c> go</c><00:05:10.960><c> up</c><00:05:11.120><c> or</c><00:05:11.280><c> down</c>

00:05:11.510 --> 00:05:11.520 align:start position:0%
amount whether it's go up or down
 

00:05:11.520 --> 00:05:12.550 align:start position:0%
amount whether it's go up or down
doesn't<00:05:11.759><c> matter</c><00:05:12.000><c> it's</c><00:05:12.160><c> always</c><00:05:12.400><c> the</c>

00:05:12.550 --> 00:05:12.560 align:start position:0%
doesn't matter it's always the
 

00:05:12.560 --> 00:05:13.830 align:start position:0%
doesn't matter it's always the
relationship

00:05:13.830 --> 00:05:13.840 align:start position:0%
relationship
 

00:05:13.840 --> 00:05:15.909 align:start position:0%
relationship
the<00:05:14.080><c> relation</c><00:05:14.560><c> that</c><00:05:14.800><c> is</c><00:05:14.960><c> important</c><00:05:15.680><c> so</c><00:05:15.840><c> you</c>

00:05:15.909 --> 00:05:15.919 align:start position:0%
the relation that is important so you
 

00:05:15.919 --> 00:05:17.749 align:start position:0%
the relation that is important so you
will<00:05:16.160><c> have</c><00:05:16.320><c> lost</c><00:05:16.560><c> a</c><00:05:16.639><c> lot</c><00:05:16.880><c> of</c><00:05:16.960><c> money</c><00:05:17.440><c> by</c>

00:05:17.749 --> 00:05:17.759 align:start position:0%
will have lost a lot of money by
 

00:05:17.759 --> 00:05:19.590 align:start position:0%
will have lost a lot of money by
investing<00:05:18.240><c> in</c><00:05:18.320><c> this</c><00:05:18.560><c> pool</c><00:05:19.120><c> and</c><00:05:19.280><c> that's</c>

00:05:19.590 --> 00:05:19.600 align:start position:0%
investing in this pool and that's
 

00:05:19.600 --> 00:05:21.430 align:start position:0%
investing in this pool and that's
exactly<00:05:20.000><c> the</c><00:05:20.080><c> risk</c><00:05:20.400><c> that</c><00:05:20.479><c> you're</c><00:05:20.720><c> carrying</c>

00:05:21.430 --> 00:05:21.440 align:start position:0%
exactly the risk that you're carrying
 

00:05:21.440 --> 00:05:24.950 align:start position:0%
exactly the risk that you're carrying
which<00:05:21.759><c> is</c><00:05:21.919><c> called</c><00:05:23.199><c> impermanent</c><00:05:24.160><c> loss</c>

00:05:24.950 --> 00:05:24.960 align:start position:0%
which is called impermanent loss
 

00:05:24.960 --> 00:05:26.469 align:start position:0%
which is called impermanent loss
yeah<00:05:25.199><c> so</c><00:05:25.520><c> that's</c><00:05:25.759><c> where</c><00:05:25.919><c> you</c><00:05:26.080><c> have</c><00:05:26.240><c> to</c><00:05:26.320><c> be</c>

00:05:26.469 --> 00:05:26.479 align:start position:0%
yeah so that's where you have to be
 

00:05:26.479 --> 00:05:28.390 align:start position:0%
yeah so that's where you have to be
really<00:05:26.800><c> careful</c><00:05:27.280><c> you</c><00:05:27.520><c> have</c><00:05:27.680><c> to</c><00:05:27.840><c> check</c><00:05:28.080><c> if</c><00:05:28.240><c> you</c>

00:05:28.390 --> 00:05:28.400 align:start position:0%
really careful you have to check if you
 

00:05:28.400 --> 00:05:29.830 align:start position:0%
really careful you have to check if you
invest<00:05:28.800><c> in</c><00:05:28.880><c> one</c><00:05:29.120><c> of</c><00:05:29.199><c> those</c>

00:05:29.830 --> 00:05:29.840 align:start position:0%
invest in one of those
 

00:05:29.840 --> 00:05:32.550 align:start position:0%
invest in one of those
crazy<00:05:30.320><c> pools</c><00:05:31.199><c> you</c><00:05:31.360><c> have</c><00:05:31.520><c> to</c><00:05:31.680><c> be</c><00:05:31.919><c> really</c><00:05:32.240><c> on</c><00:05:32.320><c> top</c>

00:05:32.550 --> 00:05:32.560 align:start position:0%
crazy pools you have to be really on top
 

00:05:32.560 --> 00:05:34.629 align:start position:0%
crazy pools you have to be really on top
of<00:05:32.720><c> that</c><00:05:32.960><c> and</c><00:05:33.120><c> check</c><00:05:33.360><c> it</c><00:05:33.600><c> every</c><00:05:34.000><c> hour</c>

00:05:34.629 --> 00:05:34.639 align:start position:0%
of that and check it every hour
 

00:05:34.639 --> 00:05:36.710 align:start position:0%
of that and check it every hour
even<00:05:34.800><c> during</c><00:05:35.120><c> the</c><00:05:35.280><c> night</c><00:05:36.080><c> that</c><00:05:36.240><c> the</c><00:05:36.400><c> price</c>

00:05:36.710 --> 00:05:36.720 align:start position:0%
even during the night that the price
 

00:05:36.720 --> 00:05:38.310 align:start position:0%
even during the night that the price
doesn't<00:05:37.039><c> change</c><00:05:37.280><c> because</c><00:05:37.600><c> you</c><00:05:37.680><c> know</c>

00:05:38.310 --> 00:05:38.320 align:start position:0%
doesn't change because you know
 

00:05:38.320 --> 00:05:40.629 align:start position:0%
doesn't change because you know
in<00:05:38.479><c> cryptos</c><00:05:38.880><c> those</c><00:05:39.120><c> prices</c><00:05:39.440><c> can</c><00:05:39.680><c> change</c><00:05:40.240><c> in</c><00:05:40.479><c> a</c>

00:05:40.629 --> 00:05:40.639 align:start position:0%
in cryptos those prices can change in a
 

00:05:40.639 --> 00:05:42.070 align:start position:0%
in cryptos those prices can change in a
second

00:05:42.070 --> 00:05:42.080 align:start position:0%
second
 

00:05:42.080 --> 00:05:44.550 align:start position:0%
second
so<00:05:42.240><c> i</c><00:05:42.400><c> hope</c><00:05:42.560><c> you</c><00:05:42.720><c> understood</c><00:05:43.280><c> what</c><00:05:43.840><c> um</c>

00:05:44.550 --> 00:05:44.560 align:start position:0%
so i hope you understood what um
 

00:05:44.560 --> 00:05:46.310 align:start position:0%
so i hope you understood what um
impermanent<00:05:45.199><c> loss</c><00:05:45.520><c> is</c>

00:05:46.310 --> 00:05:46.320 align:start position:0%
impermanent loss is
 

00:05:46.320 --> 00:05:48.469 align:start position:0%
impermanent loss is
and<00:05:46.479><c> how</c><00:05:46.720><c> risky</c><00:05:47.120><c> that</c><00:05:47.360><c> is</c><00:05:47.759><c> if</c><00:05:47.919><c> you</c><00:05:48.080><c> invest</c><00:05:48.400><c> in</c>

00:05:48.469 --> 00:05:48.479 align:start position:0%
and how risky that is if you invest in
 

00:05:48.479 --> 00:05:50.230 align:start position:0%
and how risky that is if you invest in
these<00:05:48.720><c> coins</c><00:05:49.039><c> and</c><00:05:49.120><c> they</c><00:05:49.280><c> all</c><00:05:49.520><c> are</c><00:05:49.680><c> risky</c><00:05:50.080><c> so</c>

00:05:50.230 --> 00:05:50.240 align:start position:0%
these coins and they all are risky so
 

00:05:50.240 --> 00:05:51.510 align:start position:0%
these coins and they all are risky so
there<00:05:50.400><c> is</c><00:05:50.560><c> not</c><00:05:50.800><c> one</c>

00:05:51.510 --> 00:05:51.520 align:start position:0%
there is not one
 

00:05:51.520 --> 00:05:54.230 align:start position:0%
there is not one
where<00:05:51.680><c> you</c><00:05:51.759><c> can</c><00:05:52.080><c> say</c><00:05:53.039><c> that</c><00:05:53.360><c> this</c><00:05:53.600><c> is</c><00:05:53.759><c> a</c><00:05:53.919><c> safe</c>

00:05:54.230 --> 00:05:54.240 align:start position:0%
where you can say that this is a safe
 

00:05:54.240 --> 00:05:57.350 align:start position:0%
where you can say that this is a safe
bet<00:05:54.560><c> and</c><00:05:54.800><c> you'll</c><00:05:55.039><c> get</c><00:05:55.280><c> your</c><00:05:55.440><c> 199</c><00:05:56.240><c> percent</c>

00:05:57.350 --> 00:05:57.360 align:start position:0%
bet and you'll get your 199 percent
 

00:05:57.360 --> 00:05:59.110 align:start position:0%
bet and you'll get your 199 percent
just<00:05:57.520><c> do</c><00:05:57.680><c> the</c><00:05:57.840><c> calculation</c><00:05:58.400><c> this</c><00:05:58.639><c> formula</c>

00:05:59.110 --> 00:05:59.120 align:start position:0%
just do the calculation this formula
 

00:05:59.120 --> 00:06:00.550 align:start position:0%
just do the calculation this formula
that<00:05:59.280><c> i</c><00:05:59.440><c> had</c><00:05:59.680><c> here</c>

00:06:00.550 --> 00:06:00.560 align:start position:0%
that i had here
 

00:06:00.560 --> 00:06:05.270 align:start position:0%
that i had here
in<00:06:00.639><c> this</c><00:06:01.360><c> spreadsheet</c><00:06:02.960><c> is</c><00:06:03.360><c> is</c><00:06:03.520><c> available</c>

00:06:05.270 --> 00:06:05.280 align:start position:0%
in this spreadsheet is is available
 

00:06:05.280 --> 00:06:07.510 align:start position:0%
in this spreadsheet is is available
and<00:06:06.000><c> if</c><00:06:06.160><c> not</c><00:06:06.319><c> just</c><00:06:06.560><c> send</c><00:06:06.800><c> us</c><00:06:06.960><c> an</c><00:06:07.120><c> email</c><00:06:07.360><c> and</c>

00:06:07.510 --> 00:06:07.520 align:start position:0%
and if not just send us an email and
 

00:06:07.520 --> 00:06:08.390 align:start position:0%
and if not just send us an email and
we'll<00:06:07.759><c> send</c>

00:06:08.390 --> 00:06:08.400 align:start position:0%
we'll send
 

00:06:08.400 --> 00:06:11.909 align:start position:0%
we'll send
the<00:06:08.560><c> spreadsheet</c><00:06:09.039><c> to</c><00:06:09.199><c> you</c><00:06:10.800><c> but</c><00:06:11.120><c> anyway</c>

00:06:11.909 --> 00:06:11.919 align:start position:0%
the spreadsheet to you but anyway
 

00:06:11.919 --> 00:06:14.550 align:start position:0%
the spreadsheet to you but anyway
so<00:06:12.319><c> that's</c><00:06:12.639><c> it</c><00:06:12.880><c> from</c><00:06:13.039><c> me</c><00:06:13.280><c> this</c><00:06:13.520><c> week</c><00:06:13.759><c> again</c><00:06:14.160><c> i</c>

00:06:14.550 --> 00:06:14.560 align:start position:0%
so that's it from me this week again i
 

00:06:14.560 --> 00:06:16.070 align:start position:0%
so that's it from me this week again i
hope<00:06:14.720><c> you</c><00:06:14.880><c> enjoyed</c><00:06:15.199><c> it</c><00:06:15.360><c> i</c><00:06:15.440><c> hope</c><00:06:15.680><c> you</c><00:06:15.840><c> learned</c>

00:06:16.070 --> 00:06:16.080 align:start position:0%
hope you enjoyed it i hope you learned
 

00:06:16.080 --> 00:06:17.350 align:start position:0%
hope you enjoyed it i hope you learned
something

00:06:17.350 --> 00:06:17.360 align:start position:0%
something
 

00:06:17.360 --> 00:06:19.749 align:start position:0%
something
this<00:06:17.600><c> is</c><00:06:17.759><c> the</c><00:06:18.639><c> solution</c><00:06:19.039><c> to</c><00:06:19.199><c> the</c><00:06:19.280><c> impermanent</c>

00:06:19.749 --> 00:06:19.759 align:start position:0%
this is the solution to the impermanent
 

00:06:19.759 --> 00:06:21.270 align:start position:0%
this is the solution to the impermanent
loss<00:06:20.000><c> or</c><00:06:20.160><c> the</c><00:06:20.319><c> answer</c><00:06:20.560><c> to</c><00:06:20.720><c> the</c><00:06:20.960><c> question</c>

00:06:21.270 --> 00:06:21.280 align:start position:0%
loss or the answer to the question
 

00:06:21.280 --> 00:06:23.270 align:start position:0%
loss or the answer to the question
what's<00:06:21.600><c> impermanent</c><00:06:22.160><c> loss</c>

00:06:23.270 --> 00:06:23.280 align:start position:0%
what's impermanent loss
 

00:06:23.280 --> 00:06:25.510 align:start position:0%
what's impermanent loss
and<00:06:23.680><c> uh</c><00:06:23.919><c> yeah</c><00:06:24.160><c> i</c><00:06:24.240><c> wish</c><00:06:24.479><c> you</c><00:06:24.560><c> a</c><00:06:24.639><c> fantastic</c><00:06:25.199><c> week</c>

00:06:25.510 --> 00:06:25.520 align:start position:0%
and uh yeah i wish you a fantastic week
 

00:06:25.520 --> 00:06:27.270 align:start position:0%
and uh yeah i wish you a fantastic week
and<00:06:25.600><c> thank</c><00:06:25.759><c> you</c><00:06:25.919><c> very</c><00:06:26.080><c> much</c><00:06:26.240><c> for</c><00:06:26.479><c> watching</c><00:06:26.960><c> and</c>

00:06:27.270 --> 00:06:27.280 align:start position:0%
and thank you very much for watching and
 

00:06:27.280 --> 00:06:28.870 align:start position:0%
and thank you very much for watching and
i'm<00:06:27.440><c> looking</c><00:06:27.759><c> forward</c><00:06:28.000><c> to</c><00:06:28.160><c> see</c><00:06:28.319><c> you</c><00:06:28.479><c> next</c><00:06:28.639><c> week</c>

00:06:28.870 --> 00:06:28.880 align:start position:0%
i'm looking forward to see you next week
 

00:06:28.880 --> 00:06:30.950 align:start position:0%
i'm looking forward to see you next week
again<00:06:29.440><c> thank</c><00:06:29.680><c> you</c><00:06:30.240><c> bye</c><00:06:30.400><c> bye</c>

00:06:30.950 --> 00:06:30.960 align:start position:0%
again thank you bye bye
 

00:06:30.960 --> 00:06:32.870 align:start position:0%
again thank you bye bye
thanks<00:06:31.120><c> so</c><00:06:31.280><c> much</c><00:06:31.440><c> robert</c><00:06:32.160><c> now</c><00:06:32.560><c> if</c><00:06:32.720><c> you're</c>

00:06:32.870 --> 00:06:32.880 align:start position:0%
thanks so much robert now if you're
 

00:06:32.880 --> 00:06:35.029 align:start position:0%
thanks so much robert now if you're
watching<00:06:33.440><c> we</c><00:06:33.600><c> are</c><00:06:33.840><c> not</c><00:06:34.080><c> giving</c><00:06:34.479><c> financial</c>

00:06:35.029 --> 00:06:35.039 align:start position:0%
watching we are not giving financial
 

00:06:35.039 --> 00:06:35.590 align:start position:0%
watching we are not giving financial
advice

00:06:35.590 --> 00:06:35.600 align:start position:0%
advice
 

00:06:35.600 --> 00:06:37.909 align:start position:0%
advice
this<00:06:35.840><c> is</c><00:06:36.000><c> uh</c><00:06:36.400><c> educational</c><00:06:37.039><c> purposes</c><00:06:37.600><c> on</c><00:06:37.680><c> how</c>

00:06:37.909 --> 00:06:37.919 align:start position:0%
this is uh educational purposes on how
 

00:06:37.919 --> 00:06:39.830 align:start position:0%
this is uh educational purposes on how
the<00:06:38.080><c> cryptocurrency</c><00:06:38.720><c> market</c><00:06:39.120><c> works</c>

00:06:39.830 --> 00:06:39.840 align:start position:0%
the cryptocurrency market works
 

00:06:39.840 --> 00:06:41.670 align:start position:0%
the cryptocurrency market works
and<00:06:40.000><c> things</c><00:06:40.319><c> that</c><00:06:40.800><c> you</c><00:06:40.960><c> need</c><00:06:41.120><c> to</c><00:06:41.280><c> know</c><00:06:41.520><c> and</c>

00:06:41.670 --> 00:06:41.680 align:start position:0%
and things that you need to know and
 

00:06:41.680 --> 00:06:43.510 align:start position:0%
and things that you need to know and
different<00:06:42.000><c> uh</c><00:06:42.400><c> tips</c><00:06:42.639><c> and</c><00:06:42.800><c> tricks</c>

00:06:43.510 --> 00:06:43.520 align:start position:0%
different uh tips and tricks
 

00:06:43.520 --> 00:06:45.430 align:start position:0%
different uh tips and tricks
uh<00:06:43.840><c> you</c><00:06:44.000><c> know</c><00:06:44.240><c> as</c><00:06:44.479><c> we've</c><00:06:44.720><c> always</c><00:06:44.960><c> said</c><00:06:45.199><c> in</c><00:06:45.280><c> the</c>

00:06:45.430 --> 00:06:45.440 align:start position:0%
uh you know as we've always said in the
 

00:06:45.440 --> 00:06:48.150 align:start position:0%
uh you know as we've always said in the
past<00:06:46.240><c> you</c><00:06:46.319><c> know</c><00:06:46.639><c> and</c><00:06:46.960><c> as</c><00:06:47.199><c> robert</c><00:06:47.520><c> has</c><00:06:47.680><c> said</c>

00:06:48.150 --> 00:06:48.160 align:start position:0%
past you know and as robert has said
 

00:06:48.160 --> 00:06:49.749 align:start position:0%
past you know and as robert has said
you<00:06:48.240><c> know</c><00:06:48.479><c> only</c><00:06:48.800><c> invest</c><00:06:49.120><c> what</c><00:06:49.280><c> you're</c><00:06:49.440><c> willing</c>

00:06:49.749 --> 00:06:49.759 align:start position:0%
you know only invest what you're willing
 

00:06:49.759 --> 00:06:51.589 align:start position:0%
you know only invest what you're willing
to<00:06:49.919><c> lose</c><00:06:50.240><c> because</c><00:06:50.560><c> the</c><00:06:50.720><c> market</c><00:06:51.120><c> is</c><00:06:51.280><c> very</c>

00:06:51.589 --> 00:06:51.599 align:start position:0%
to lose because the market is very
 

00:06:51.599 --> 00:06:52.309 align:start position:0%
to lose because the market is very
volatile

00:06:52.309 --> 00:06:52.319 align:start position:0%
volatile
 

00:06:52.319 --> 00:06:54.629 align:start position:0%
volatile
it's<00:06:52.560><c> always</c><00:06:52.960><c> on</c><00:06:53.599><c> and</c><00:06:53.840><c> things</c><00:06:54.080><c> can</c><00:06:54.319><c> change</c><00:06:54.560><c> in</c>

00:06:54.629 --> 00:06:54.639 align:start position:0%
it's always on and things can change in
 

00:06:54.639 --> 00:06:55.990 align:start position:0%
it's always on and things can change in
a<00:06:54.720><c> heartbeat</c><00:06:55.120><c> so</c><00:06:55.280><c> again</c><00:06:55.440><c> we're</c><00:06:55.599><c> not</c><00:06:55.759><c> giving</c>

00:06:55.990 --> 00:06:56.000 align:start position:0%
a heartbeat so again we're not giving
 

00:06:56.000 --> 00:06:57.270 align:start position:0%
a heartbeat so again we're not giving
financial<00:06:56.479><c> advice</c>

00:06:57.270 --> 00:06:57.280 align:start position:0%
financial advice
 

00:06:57.280 --> 00:07:08.310 align:start position:0%
financial advice
it's<00:06:57.520><c> just</c><00:06:57.759><c> uh</c><00:06:58.160><c> more</c><00:06:58.400><c> so</c><00:06:58.639><c> education</c><00:06:59.199><c> for</c><00:07:00.840><c> you</c>

00:07:08.310 --> 00:07:08.320 align:start position:0%
 
 

00:07:08.320 --> 00:07:19.110 align:start position:0%
 
[Music]

00:07:19.110 --> 00:07:19.120 align:start position:0%
 
 

00:07:19.120 --> 00:07:21.199 align:start position:0%
 
you