Whether you're new here or not, dive into DeFi - that's what got me started
What we see in tradfi, we see the more innovative and outrageous versions here.
"How would this ___ ever be allowed in tradfi? Maybe never.
But in crypto, it'll take a week or two."
For beginners, DeFi is daunting and feels overwhelming at the same time.
I've been there before, but it's not that hard as it sounds.
To get a handle on DeFi basics, You just need to dive into these essential protocols and understand its mechanic:
ⶠ@CurveFinance/ @ConvexFinance - Stableswap AMM, veLock, Gauge, Bribing
â· @Uniswap / @CoWSwap - AMM Models from v1-4, Constant Product Formula, CLMM
âž @GMX_IO / @HyperliquidX - On-chain Perpetuals and esToken
âč @LidoFinance/ @babylonlabs_io / @eigenlayer - Liquid Staking, restaking assets like $ETH and/or $BTC
âș @MorphoLabs / @SiloFinance / @aave - DeFi Lending Platforms
â» @pendle_fi - Yield Derivatives Markets
⌠@ethena_labs / @fraxfinance - Delta-neutral, yield-bearing stablecoins
✠@DefiLlama / @nansen_ai - On-chain data, DeFi analytics, etc.
While there are other protocols with overlapping features (not implying these are merely imitations), these examples serve as a straightforward entry point into the world of DeFi.
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