☯️Task: What People Get Wrong About 'Utility' in Crypto
🔢What is the key takeaway from the video?
✅ Not all "utility" in crypto is real utility

🔢What should a token with real utility do?
✅ Solve a problem or improve efficiency

🔢 What does it mean if a project still functions without its token?
✅The token might not be necessary

🔢Why do some projects claim to have "utility"?
✅ To justify launching a token

🔢Which of the following is often labeled as "utility" in crypto?
✅Staking and governance tokens

🔢What does "utility" mean in the real world?
✅ Something that is actually useful

🔢What should you do when someone hypes a token's utility?
✅ Ask what it actually does

🔢What is often the real use case for some tokens?
✅ Making the founders rich

🔢What is a common red flag in projects that promote "utility"?
✅ They use vague marketing language

🔢🔢 What happens when you ask some projects what their token actually does?
✅ They struggle to give a clear answer

🔢🔢What is a common mistake people make about utility in crypto?
✅ They assume every token with "utility" has real value

🔢🔢How can you test if a token's utility is real?
✅ See if the project still works without it

☯️Task: Yield Farming: Crypto Cash or Rollercoaster Crash?
🔢Who might enjoy yield farming the most?
✅ Crypto cowboys who like high risk

🔢 What's a risk called when staked token values drop due to price swings?
✅ Impermanent loss

🔢What do you need to start yield farming?
✅A crypto wallet with some tokens

🔢Why is diversifying important in yield farming?
✅ It spreads out your risk

🔢 How can you reduce risks in yield farming?
✅ Research platforms with a good track record

🔢What's a major benefit of yield farming?
✅High yields compared to savings accounts

🔢What does yield farming help DeFi platforms do?
✅ Run their operations smoothly

🔢What is yield farming in simple terms?
✅ Lending crypto to DeFi platforms for rewards

🔢What's a key trait of yield farming mentioned?
✅ It's highly volatile

🔢🔢What's a "rug pull" in yield farming?
✅A shady project that scams users

🔢🔢What can happen if a smart contract has a bug in yield farming?
✅ Your funds might disappear

🔢🔢. Which platform type is commonly used for yield farming?
✅ DeFi platforms like Uniswap