I'm interested in DeFi and have been hearing a lot about it as well but not sure where to get started. What would you suggest?
I think what I did was first try to learn as an investor. To do what most people were doing, which was to take their crypto out of the exchanges like coinbase, binance. So I moved it to the BSC network, which is still binance but I can have my tokens in my own wallet. Then I learnt about how to exchange using BSC network, which is with pancakeswap and similar uniswap clones. Next the hacker mindset started to see the many opportunities that are all there, because it is such a nascent tech but with so much money running through it since the beginning.
hi meiraleal. I've started to learn the ropes on smart contract programming. I'd love to pick your brain over email and understand what's been working for you and how to make contracts that are useful for the wider crypto landscape.
vinny [at] beessip.com
hi ishjoh. Just sent you an email from "alanmeira". Kudos!
Thanks meiraleal, I've responded from a different email address as I use the vinny address publicly just to cut down on spam.
Would you mind elaborating a bit on this? How would you put a plan together to move towards this?
Sure. I have been working with smart contracts for only around 2 weeks, but when I deployed my first contract, many bots bought it. I mean, they really buy it. Enough to pay the contract deploy and have a profit. Some times more. So I have being deploying 3, 4 contracts every day, with some differences in code to get to know better about tokenomics, solidity and what can and cannot be done. In 2 weeks, I made USD5k from learning.
Can you elaborate? Other than trading cryptos, what other ways are there to make money?
Deploy a popular smart contract that scrapes a few tenths of a percent of transactions to you.
can you name an example of a "popular smart contract"?
uniswap
venus protocol
I didn't comment but I believe there will continue to be a lot of growth in this space. If you can make DEFI/NFTs easily usable to consumers you could make a lot of money. Many unicorns waiting to happen in this space.