Decentralized Finance (DeFi) 101: Step-by-step guide for beginners

Here's a quick guide on how to get started with Decentralized Finance (DeFi):

1. What is DeFi and can I earn money from it?
2. Create a Centralized Exchange (CEX) account
   1. Fund your CEX account with fiat
   2. Convert the fiat in stablecoins (usually USDC & USDT)
   3. Buy some Ethereum for gas fees (depends on the chain you want to go to)
3. Create a cryptocurrency wallet (hot or cold wallet)
   1. Important: Wallet safety tips
4. How to navigate DeFi
   1. Your first steps in DeFi
   2. What is staking?
   3. What is a lending market?
   4. What is a Decentralized Exchange (DEX)?
      1. What is impermanent loss?
   5. What is a Perpetual Exchange?
   6. What is a ve(3,3) DEX?
   7. How to bridge to other chains?
   8. What are points programs?
   9. What are airdrops?
5. DeFi safety tips
6. Specific protocol overview
   1. Aave
   2. Uniswap
   3. Aerodrome (ve3,3)
   4. Hyperliquid
   5. Pendle
   6. Ethena
   7. s

Check the next part in this guide: what is DeFi?

DeFi 101: What is DeFi and can I earn money from it?

Dive into the opportunities and the risks DeFi has to offer

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