Name: How to get started in DeFi
Uploaded: 2021-12-10T17:06:34+00:00
Duration: 1 h 24 min 9 s
Description: This week we're winding back to the where it all starts - the first steps into DeFi. We'll guide you from getting an understanding of what DeFi is, how it fits into your crypto journey and then shephe

2 years ago

This week we're winding back to the where it all starts - the first steps into DeFi. We'll guide you from getting an understanding of what DeFi is, how it fits into your crypto journey and then shepherd you through setting up a wallet using Metamask, swapping tokens and then making your very first DeFi move using Anchor's 20% saving rate on Terra without ever leaving Ethereum all thanks to Orion Money.

00:00 Title clock
00:30 Welcome to the turkish fans
01:15 Intro and what we're going to be covering
02:19 Titles and sponsors
04:37 Getting grounded in DeFi
08:34 Regular crypto vs DeFi, what's the difference?
14:42 DeFi's obsession with capital efficiency
15:36 Three pillars of DeFi genius
21:59 Fertile ground for innovation (Olympus, Alchemix, Sushi, Anchor)
27:04 What kind of User are you?
30:04 Understanding incentives
32:48 APY vs APR
35:06 Short, medium and long-term time horizons
37:33 Principle protection mindset using stablecoins
40:40 Some common primitives you'll encounter
47:37 Understanding and setting up wallets
53:41 Run-through of setting up Metamask
56:17 Understanding Gas and getting your first ETH tokens
58:26 Swaps and AMMs - our first DeFi move - stablecoin lending rates
1:00:00 Anchor protocol's 20% fixed rate
1:02:00 Orion Money and the fixed rate interest product
1:03:08 Understanding Uniswap and Dexes
1:06:57 Why we're going to swap using Metamask
1:11:28 Depositing USDC on Orion
1:13:12 Using DefiSaver to simulate positions