Are you new to DeFi tokens, ecosystems and protocols? We got your back in this blog post with our beginner-friendly comprehensive guide to decentralized finance with 7 best startegies to get started. Let’s start with “What is DeFi”?

Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The goal of DeFi is to get rid of the third parties that are involved in all financial transactions. The simplest way to earn a passive income through DeFi is to deposit your cryptocurrency onto a platform or protocol that will pay you an APY (annual percentage yield) for it.

How to Earn High Yields and Make Big Profits Starting Immediately…

But remember that wealth gets a bad wrap. People equate wealth with greed. But wealth isn’t greed…wealth is just a tool to make you free.

I hope you get wealthy. And we hope you use your wealth to make others wealthy. But you’re not going to make it if you pursue the wrong type of wealth.

In DeFi crypto, there are two types of people.

1. Those who pursue overnight wealth
2. Those who pursue decade wealth

Overnight wealth is the typical path people take to crypto. Chasing 100x flips. Buying on leverage. Rotating in and out of narratives.

You’ll be tempted to do this at every turn.

Here’s the truth: overnight wealth doesn’t work.

With that note, here are 7 Best Beginner DeFi Strategies To Make You Money In 2022 and beyond…

1) Borrow To Defer Tax Or Trade With Leverage

If you’ve bought a crypto asset that has gone up in value, you have a paper gain. Instead of selling that asset and incurring a taxable event, use a DeFi platform to borrow against the asset. This allows you to extract your profit now and sell the asset later.
Invest the loan in another asset to make more gains without putting any more of your own money in.

Recomended Platform: https://aave.com is one of our favourite platforms for this.

2) Lend Your Crypto To Earn Interest

Shop around for a DeFi platform offering the best rates on your assets then deposit them there to earn passive income.

Recomended Platform: Check out https://defillama.com

3) DeFi Staking

Staking your assets not only earns you more of that same asset but it also unlocks other privileges such as early access to new projects that are launching so you can invest in them before everyone else.

Recomended Platform: https://duckdao.io has proven to be a good platform for this.

4) Providing Liquidity

Staking your assets in a decentralized exchange or ‘automated market maker’ is another way to earn passive income and earn huge yields on your crypto assets.

Recomended Platform: Use https://uniswap.org for this.

5) Swap Trading

Using decentralized exchanges gives you access to brand new crypto assets as soon as they are created.

This gives you the chance to buy them before anyone else has heard of them. This can lead to gaining 5-10 times your original investment.

Recomended Platform: Use https://uniswap.org for this.

6) Yield Farming

Depositing your assets in a yield farm allows you to earn a new project token without having to buy it or put any new money at risk.

Do this while keeping hold of your existing assets and any gains that they make while you are farming.

Recomended Platform: You can also use https://aave.com for farming.

7) Platform Investing

Rather than using DeFi platforms for their high-yielding services, invest in the platform itself.

Combine all the above strategies together and you can find opportunities that have the potential to gain 50-100 times your money.

Best Tool: Find brand new assets at https://coinmarketcap.com/new/

In Summary

Leverage this blog post to progress beyond learning “What is DeFi?” to “Practicing DeFi”.

If you’re fascinated by all the opportunities DeFi could afford you, you’re off to a good start. But that’s not really the hard part, is it? The hard part comes now – turning those opportunities into reality.

I recommed exploring “Successful Path to DeFi With Crypto Swap Profits. to jump start with DeFi Crypto!

Recommended Reading: Are You Ready For DeFi Crypto Summer?

Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.

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Successful Path to DeFi With Crypto Swap Profits

Crypto Swap Profits is a training and ongoing online mastermind with a focus on Decentralized Finance Crypto Trading.  This is an emerging area of trading and 99.9% of the world has no idea this even exists.  This is the cutting edge of Crypto Trading and there is a window right now before the rest of the world starts doing this.

Join Joel Peterson for a free webinar session where he’ll be going to share with you the Window of Opportunity in the DeFi crypto space. He will be sharing a TON of content and show you exactly what we are doing. At the end of the webinar, you will be able to go copy what he’s doing.  We like to call it “SWAP PROFITS“.

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