DeFi needs to study hard on his own

• Some people ask, "What is DeFi?" Or, I often give me a direct mail saying "How do I do DeFi?", but most of them have no experience dealing with personal wallets or accounts.

• In this case, it can be said that it is a much more dangerous situation than buying a coin you are not familiar with. This is because there is a really big difference between buying DeFi tokens on an exchange and using DeFi directly.

• Basically, in order to use DeFi, you need to understand at least how to use Metamask, how to adjust GAS fees, howto use TRON wallet, freeze/unfreeze and lease for energy and bandwidth of TRON account, how to use EOS wallet, and howto lease EOS CPU. Do it. This is the level at which you can stand on the starting line.

• Which DeFi to use is the next question, and when to enter, when to go out, whether to play LP or SWAP, etc., there are a lot of things to go through from then on.

• DeFi ecosystem is moving dozens of times faster than general coin investment, and it is a changing world that is difficult to follow even for those who are too familiar with personal wallets or accounts, so time is the most important value for all participants.

• In addition, the risk is high, and textual explanations are limited unless you have experienced them yourself . (While creating explanatory content, the world changes first)

• The best way is to learn by hitting yourself for a small amount . In recent years, there are a lot of various DeFis that you can participate directly with a small amount beyond Ethereum, where high GAS fees acted as a large entry barrier.

• If you try it yourself on the Telegram or Discord of the DeFi project and ask questions you don't know, you will find yourself getting used to the DeFi ecosystem to some extent. (I think this is the only shortcut that can increase your understanding or skill level the fastest)

• If you don't know one of Uniswap, Sushiswap, or Salmonswap in the picture above, you're missing out on the biggest trend in the current crypto market.

• If the proportion of cryptocurrency investors among global investors is 1%, among those cryptocurrency investors, users using DeFi may be 0.1% of them. It's never too late to study and start now.

Posted Using LeoFinance