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The DeFi Chronicle: 4 Reasons (Hint: $$$) to get your hands dirty in DeFi
Decentralized finance can be overwhelming to the uninitiated. It’s one thing doing KYC on a centralized exchange; having to hold your camera up, take a picture of a utility bill, and load your ID online. But to use decentralized finance, you have to set up a wallet (and store seed phrases), understand how to send crypto, deal with gas fees, connect with dapps, and worry about making mistakes that can cost you a lot of money.
There’s no one to guide us through for most of us except for some YouTube videos, articles on Medium, and visiting the choppy waters in Discord and Telegram. I know I’ve made many expensive mistakes trying to figure things out and sometimes I’ve made the same mistake multiple times (investing in Degen Yield Farms). However, the early adopters are the ones who often see the largest gains.
Take Bitcoin as an example. Anyone who invested in Bitcoin in the first 5 years and dodged losing/selling/getting scammed out of their coins saw massive life-changing wealth. Even if you invested in Ethereum 1 year ago, you could be looking at nearly 10X gains.
In this article, I am going to share 4 reasons to consider getting your hands dirty and learning how to jump in the ocean of decentralized finance. Keep in mind, if you are not tech-inclined, sticking with…
