Disclaimer
- I am NOT a financial advisor and this is NOT financial advice
- The opinions expressed herein are my own
- reduce the barrier to entry into DeFi
- use live demos with real money to show how the elements of DeFi work together
- SPARK your imagination
- have fun
Decentralized Finance (DeFi) Ecosystem
- CoinMarketCap
- CoinGecko comparable feature set to CoinMarketCap
- 2021 Crypto-Exchange Fee Comparison
- Ledger -- hardware wallet offering intergration with the following...
- METAMASK -- ETH ecosystem
- DAEDALUS WALLET -- Carado (ADA)
- Keplr -- COSMOS ecosystem
In order of complexity...
KEY
--> purchase
==> transfer
++> stake
Buy 10 DOT on kraken, then stake on the same platform to earn rewards.
USD (fiat) --> DOT (kraken) ++> DOT (staked on kraken)
-
Buy 100 ADA on coinbase
-
Transfer to DAEDALUS WALLET to earn staking rewards automatically (I already have this setup).
USD (fiat) --> ADA (coinbase) ==>/++> ADA (staked on DAEDALUS)
-
Buy 515 USDT on coinbase
-
Transfer 500 USDT (15 USDT transfer fee) to BitMart
-
Buy 500 USDT worth of AKT on BitMart
-
Transfer all AKT to Keplr
-
Stake on Keplr
USD (fiat) --> USDT (coinbase) ==> USDT (BitMart) ++> AKT (BitMart) ==> AKT (Keplr) ++> ADA (staked on Keplr)
USD (fiat) --> ETH (coinbase) ==> ETH (METAMASK) --> LIT (METAMASK)