How to Stay Safe in DeFi: My Personal Guide
My guide on how to evaluate DeFi project safety & 5 tips to avoid stupid human error mistakes. All from personal experience.
Self-custody and being your own bank are the future of finance, they say.
But even crypto veterans are losing millions due to an obscure exploit that empties wallets of crypto wallets.
It's easy to lose money in DeFi if you're not careful due to the presence of many exploits, rug pulls, and contract bugs. Just yesterday, Merlin DEX rug pulled users of ~$2M USD.
What’s more, even more money has been lost due to avoidable, human mistakes. To prevent yourself from becoming the next victim, it's essential to have a strategy in place to minimize these errors.
That’s why I want to share my guidebook to staying safe in crypto & DeFi. All from personal experience. There are two parts to this blog:
How to evaluate DeFi project safety to avoid rugs & hacks
5 tips to avoid stupid human error mistakes.