close
close
LearnDeFi
What can I do with DeFi?

What can I do with DeFi?

August 2, 2022
3
 min read

You can use DeFi to do almost everything that you can do in TradFi (traditional finance). However, DeFi is risky, so we recommend that you start slowly.

By Alan, Peter

You can use DeFi to do almost everything that you can do in TradFi (traditional finance).

However, DeFi is risky, so we recommend that you start slowly and only invest what you can afford to lose.

What follows is not investment advice.

DeFi beginner

Send money

  • You can send tokens to anyone in the world if you know their public wallet address.
  • Learn more: How to set up a wallet? 

Stake cryptocurrencies

  • You can earn yield by staking (locking up) your crypto to validate blockchain transactions.
  • Learn more: How to stake crypto?

Hold stablecoins

  • You can earn yield by staking stablecoins pegged to a “stable” asset like the US dollar. Stablecoins can be fiat-backed, crypto-backed, or algorithmic. 
  • Learn more: What are stablecoins?

DeFi intermediate

Swap tokens

  • You can swap a pair of tokens using decentralized exchanges (DEXs). 
  • Learn more: How to swap tokens?

Lend and borrow crypto

DeFi expert

Provide liquidity

Yield farm

  • You can yield farm to maximize your yield across multiple DeFi protocols.
  • Learn more: How to yield farm?

Finally, whether you're a beginner, intermediate, or expert, you should know How to avoid getting rekt in DeFi?

We’ll cover the above DeFi use cases in the rest of this learning path.

Up next: How to stake crypto?
Subscribe to our newsletter
Oops! Something went wrong.
On this page

DeFi beginner

DeFi intermediate

DeFi expert

Related articles

Browse all

Prev Article

🤷

There are no previous articles in this Pathway

Check out other Learning Paths!

Next Article

🤷

There are no more articles in this Pathway

Check out other Learning Paths!