Ready to level up your DeFi game? 🤔
These simple but effective tips will help you become a smarter🧠 and more successful player👨💻 in the DeFi space.
🧵🧵
These simple but effective tips will help you become a smarter🧠 and more successful player👨💻 in the DeFi space.
🧵🧵
In this thread, i will be covering:
• Education
• Seek out mentorship
• Network
• Having an edge
• staying up-to-date
• DYOR
•Experiment with DeFi protocols
• Taking your security seriously
• Question for all
Now, let's dive in💪
• Education
• Seek out mentorship
• Network
• Having an edge
• staying up-to-date
• DYOR
•Experiment with DeFi protocols
• Taking your security seriously
• Question for all
Now, let's dive in💪
1. Start by learning about the basics of decentralized finance (DeFi).
There are many resources available online, including threads, articles, podcasts, and video tutorials, that can help you understand the fundamental concepts of DeFi.
Well, I'm here to help you with that 🤓
There are many resources available online, including threads, articles, podcasts, and video tutorials, that can help you understand the fundamental concepts of DeFi.
Well, I'm here to help you with that 🤓
2. Seek out mentorship: Consider seeking out mentorship or guidance from experienced DeFi professionals like @thedefiedge
@SamuelXeus etc.
This can help you learn from their experiences and insights and get personalized guidance on your journey to becoming smarter in DeFi.
@SamuelXeus etc.
This can help you learn from their experiences and insights and get personalized guidance on your journey to becoming smarter in DeFi.
3. Network:
Building connections is an important aspect of becoming smarter in DeFi. Network with other industry professionals and experts, attend meetups and conferences, and join online communities and forums to exchange ideas and learn from others.
Building connections is an important aspect of becoming smarter in DeFi. Network with other industry professionals and experts, attend meetups and conferences, and join online communities and forums to exchange ideas and learn from others.
4. Have an edge:
Don't be like every other person doing same thing.
Understand game theory, Crypto-economics, token economics, macroeconomics etc to have an edge in DeFi.
Credit: @thedefiedge
@TaschaLabs @lisajytan @paulkrugman
Don't be like every other person doing same thing.
Understand game theory, Crypto-economics, token economics, macroeconomics etc to have an edge in DeFi.
Credit: @thedefiedge
@TaschaLabs @lisajytan @paulkrugman
For instance; Game theory is the study of how people make decisions in strategic situations, and it can help you understand how different players in the DeFi ecosystem might act and make decisions.
You see a need to understand this beautiful course right?
Let's move on🚶🚶
You see a need to understand this beautiful course right?
Let's move on🚶🚶
5. Stay up-to-date on the latest developments and trends in the DeFi space by reading industry news, following key influencers on CT, and joining online communities.
Follow @thedefiedge @milesdeutscher @gametheorizing @rektdiomedes @BarryFried1 @DefiIgnas @resdegen @Route2FI
Follow @thedefiedge @milesdeutscher @gametheorizing @rektdiomedes @BarryFried1 @DefiIgnas @resdegen @Route2FI
6. DYOR: Don't forget to do your own research and due diligence when exploring different DeFi protocols and platforms.
This means reading white papers, analyzing project metrics, and considering the risks and potential rewards of any given investment.
Research is beautiful 😍
This means reading white papers, analyzing project metrics, and considering the risks and potential rewards of any given investment.
Research is beautiful 😍
7. Experiment with DeFi protocols: One of the best ways to learn about DeFi is to try it out yourself. Experiment with different DeFi protocols and see how they work in practice.
This will help you understand the mechanics of DeFi and identify areas where you need to improve.👇
This will help you understand the mechanics of DeFi and identify areas where you need to improve.👇
Which means, There is no way you can get smarter in DeFi by not getting your hands dirty.
A need to take actions!
A need to take actions!
8. Remember to prioritize security when using DeFi tools and services.
Security is one of the most overlooked areas in DeFi.
Well, use strong passwords, enable two-factor authentication, and consider using hardware wallets to store your assets.
Credit: @officer_cia
Security is one of the most overlooked areas in DeFi.
Well, use strong passwords, enable two-factor authentication, and consider using hardware wallets to store your assets.
Credit: @officer_cia
In conclusion, becoming smarter in DeFi requires a combination of learning, adapting, experimenting and staying up-to-date with the latest trends and developments.
Do you think i missed any tip?🤔
Comment below👇 let's rub minds🤗
Do you think i missed any tip?🤔
Comment below👇 let's rub minds🤗
If you found this thread helpful, be sure to give it a RT and follow @Only1temmy for more comprehensive and actionable tips on how to succeed in the world of decentralized finance.
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