DeFi
6 articles
What is a DEX, and how do you use one safely?
A decentralised exchange lets you trade crypto directly from your wallet with no company in the middle. Powerful, but with sharp edges. Here is how it works and how to stay safe.
Editorial TeamYield farming — what it pays, what it costs
Yield farming used to advertise 1,000%+ APY. Most of it was illusion. Here's what the real returns are and what you pay to chase them.
Editorial TeamSmart contract bugs — the famous ones, and what they taught us
DeFi has lost billions to smart contract exploits. The mistakes weren't all the same. Here's what the biggest ones actually taught the industry.
Editorial TeamWhat an AMM is, in one mental model you can hold in your head
Automated market makers run most decentralized exchanges. The whole concept fits in a single image. Here it is.
Editorial TeamLiquidity pools — what you actually lose
The yield numbers look great on the landing page. Then you withdraw and you have less than you started with. Here's the math nobody told you.
Editorial TeamWhy DeFi sounds great and often goes wrong
DeFi promises permissionless yield, lending, and trading. The promise is real. The risks are also real — and they're not the ones most articles mention.
Editorial Team