Step 1
Core concept
A swap = a direct exchange between tokens.
- Liquidity pools enable swaps but involve risks.
- High APY = high risk. Always read the conditions.
Key takeaway
Understand the mechanism before taking action.
DeFi essentials
Understand swaps, pools, and yields without getting trapped.
Step 2
Practical view
Smart contracts can have vulnerabilities.
- Diversifying your activities limits damage in incidents.
Key takeaway
Practice matters, but verification comes first.
Quiz
Question 1/4
Easy
A very high APY often means...
Module progress
Validate all quizzes to continue.