DeFi Deep Dive

How to do DeFi in ~7 steps down the rabbit hole

Over the past week around the start of November 2021, I have decided to learn a little bit more about the current state of decentralized finance (DeFi), with a focus on the various blockchain “features” to get a better pulse of the current state of the market. I have been somewhat invested in a few cryptocurrencies that I was not very familiar with but they SEEMED to have decent staking rewards (more on this later) at more that what a bank would give – on Kraken up to 20% for Kava as an example (and it was not required to claim any rewards; restaking seemed to happen automatically with the exception of Ethereum, also more on this later).

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