A primer on yield farming, liquidity mining, automated market making and all the other terms shaping the brave new world of decentralized finance.This episode is sponsored by Bitstamp and Crypto.com.Today on the Brief:US Gov’t forces China’s Houston consulate to closeUS previously-owned housing market grows 20.7% May to JuneInsider stock selling reaches record levelsOur main discussion: DeFi 101Today’s episode of The Breakdown is a primer for anyone who has lost track of the terminology surrounding decentralized finance. In it, NLW goes over:DeFi’s background and originsMarket making in a traditional contextAutomated market making How liquidity mining incentives economic participation How decentralized exchanges differ from centralized exchanges What “yield farming” actually meansWhy we shouldn’t be concerned about the Yield Farming bubble See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.