Cryptouncommon
Fundamental Analyst
DEFI Education
Learn what you can do and how to do it in the DeFi
Fundamentals
Be aware of the fundamentals of a project before investing in it
DEFI EDUCATION
The Decentralized Finance (DeFi) allows you to earn assets by staking, lending or doing any other activities that banks do but in a decentralized way. The purpose is not to reinvent the wheel of the financial markets but to provide a new kind of offer, strengthened and optimised without third-parties
How DeFi Works
DeFi is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts.
Why Invest in Crypto?
The first thing you need to know is that there are a lot of varieties and possibilities in cryptocurrencies. Indeed, you can invest in Bitcoin on a long term, do daily trading with altcoins or just staking some stablecoins like USDT or USDC.
Stablecoin
Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (e.g. USDT, USDC)
ALTCOINs
Altcoins are any cryptocurrency that aren’t Bitcoin. These coins were created after Bitcoin and often present themselves as better alternatives to the premier cryptocurrency. Altcoins make up nearly 40% of the total cryptocurrency market, according to CoinMarketCap (e.g. SXP, LUNA)
Bitcoin
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.
Crypto Wallet
A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions. It’s important to make the difference between custodial and non-custodial wallet. We will see that later.
Are You Looking Dive Into Crypto?
DYOR before investing
DYOR aims to reduce the number of uninformed investors in cryptocurrency. It encourages them to research and understand a cryptocurrency before investing so that they can answer precisely why they are buying that currency and supporting that project.
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