How to get started in DeFi

This week we're winding back to the where it all starts - the first steps into DeFi. We'll guide you from getting an understanding of what DeFi is, how it fits into your crypto journey and then shepherd you through setting up a wallet using Metamask, swapping tokens and then making your very first DeFi move using Anchor's 20% saving rate on Terra without ever leaving Ethereum all thanks to Orion Money.

00:00 Title clock
00:30 Welcome to the turkish fans
01:15 Intro and what we're going to be covering
02:19 Titles and sponsors
04:37 Getting grounded in DeFi
08:34 Regular crypto vs DeFi, what's the difference?
14:42 DeFi's obsession with capital efficiency
15:36 Three pillars of DeFi genius
21:59 Fertile ground for innovation (Olympus, Alchemix, Sushi, Anchor)
27:04 What kind of User are you?
30:04 Understanding incentives
32:48 APY vs APR
35:06 Short, medium and long-term time horizons
37:33 Principle protection mindset using stablecoins
40:40 Some common primitives you'll encounter
47:37 Understanding and setting up wallets
53:41 Run-through of setting up Metamask
56:17 Understanding Gas and getting your first ETH tokens
58:26 Swaps and AMMs - our first DeFi move - stablecoin lending rates
1:00:00 Anchor protocol's 20% fixed rate
1:02:00 Orion Money and the fixed rate interest product
1:03:08 Understanding Uniswap and Dexes
1:06:57 Why we're going to swap using Metamask
1:11:28 Depositing USDC on Orion
1:13:12 Using DefiSaver to simulate positions

Metamask - https://metamask.io/
Uniswap - https://uniswap.org/
Anchor Protocol - https://www.anchorprotocol.com/
Orion Money - https://orion.money/
DefiSaver - https://defisaver.com/

Our sponsors
Balancer
https://balancer.fi/?utm_source=youtube&utm_medium=youtubead&utm_campaign=thedefiant
https://app.balancer.fi/?utm_source=youtube&utm_medium=youtubead&utm_campaign=thedefiant

Nansen
https://www.nansen.ai/

Oasis Network
http://yuzu-swap.com/

Links
https://thedefiant.io/what-is-decentralized-finance/
https://www.youtube.com/watch?v=TlfOjahDGi0&list=PLaDcID4s1KronHMKojfjwiHL0DdQEPDcq&ab_channel=TheDefiant
https://defipulse.com/
https://metamask.io/

Follow The Defiant team on Twitter:
Camila Russo https://twitter.com/CamiRusso
Robin Schmidt: https://twitter.com/iamsupermassive
Alp Gasimov: https://twitter.com/alpgasimov

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