Cryptsy RA
@hanshans
[Thread] DeFi: The Ninja Path for Your Wallet From swapping on a DEX to mastering DeFi. No jargon, no brain pain. Let’s go!
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Cryptsy RA
@hanshans
Got a wallet? Swapped tokens before? But when you hear “DeFi” you just blank out? Chill, I’ll explain. Human language, no whitepaper vibes.
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Cryptsy RA
@hanshans
DeFi = Decentralized Finance. Financial services—without banks. Borrow, save, invest. All straight from your wallet. No permission needed.
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Cryptsy RA
@hanshans
In DeFi, you can: Earn interest on deposits Borrow USDC with collateral Become a mini “bank” and earn fees Fully transparent. Fully automated.
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Cryptsy RA
@hanshans
DEX (Decentralized Exchange) = token swap market. Examples: Uniswap, PancakeSwap. No KYC. Just connect your wallet and trade.
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Cryptsy RA
@hanshans
Stablecoins like USDC and DAI = the heart of DeFi. Used for: Lending Farming Collateralizing loans
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Cryptsy RA
@hanshans
Liquidity Pools (LPs): Provide 2 tokens into a pool. Earn fees from traders. But beware: Impermanent Loss = prices move, you could lose value.
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Cryptsy RA
@hanshans
Lending protocols: Aave, Compound. Lend your assets and earn. Borrow assets and pay interest. All run by smart contracts.
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