DeFi (Decentralized Finance) Beginners Guide
Welcome all newcomers to the amazing world of Decentralized Finance!
The Autofarm team is here to help you through your first experience in the DeFi world with these guides that recompile many of the DeFi basics. We have condensed the more crucial aspects about DeFi and provide the used sources and additional links and videos at the end of each section. So come join us in the DeFi knowledge revolution!
Please note, the guides and any other documentation in this section are not financial advices. Please always double check sources en keep educating yourself and do your own research (DYOR).
SAFETY FIRST
- 1.⚠️ALWAYS check in the official channels of an platform for clarification if you are not sure.⚠️
- 2.⚠️ A LOT OF fraud in telegram, be careful and always double check usernames.⚠️
- 3.⚠️ NO community member will message you first when you post a question in a chat.This will always be answered from inside the chat so beware of any impersonators contacting you!⚠️
- 4.⚠️ NO one shall ask your seed phrase and fund. Don't share this in any circumstance.⚠️
- 5.⚠️DO NOT click on any link from strangers. You risk losing your funds!⚠️
HOW TO REDUCE DEFI RISKS
- 1.🛌 Only invest amounts of money which you can afford to lose.🛌
- 2.💱 Take (partially) profit when you are in positive gain.💱
- 3.🧙♂️ Setup your own portfolio plan. Do not put all your funds in one project, spread the risks.🧙♂️
- 4.☠️ Always balance your risk. Be aware of the possibility to lose entire deposits.☠️
Please, if you are missing something in this section: do let us know at [email protected]