Decentralized Finance (DeFi) offers new financial tools and opportunities, especially on networks like Base, an Ethereum Layer 2 solution. However, risks like scams, contract vulnerabilities, and operational mistakes make it vital to approach DeFi cautiously—particularly for newcomers using small amounts. This guide will help you start your DeFi journey on Base, safely and confidently, minimizing the risks of getting “rekt” (suffering losses).Understand What Base IsBase is a Layer 2 blockchai...

Decentralized Finance (DeFi) offers new financial tools and opportunities, especially on networks like Base, an Ethereum Layer 2 solution. However, risks like scams, contract vulnerabilities, and operational mistakes make it vital to approach DeFi cautiously—particularly for newcomers using small amounts. This guide will help you start your DeFi journey on Base, safely and confidently, minimizing the risks of getting “rekt” (suffering losses).Understand What Base IsBase is a Layer 2 blockchai...

Understanding the Security and Trustworthiness of Base: A New User’s Perspective Base is an Ethereum Layer 2 (L2) network developed by Coinbase, designed to offer lower fees and faster transactions while still benefiting from Ethereum’s security. As more people use Base for DeFi, NFTs, and other crypto activities, it’s important to understand how secure it is, what audits it has undergone, and what risks you should keep in mind.What Is Base and How Does It Work?Base is built using Optimistic ...

Understanding the Security and Trustworthiness of Base: A New User’s Perspective Base is an Ethereum Layer 2 (L2) network developed by Coinbase, designed to offer lower fees and faster transactions while still benefiting from Ethereum’s security. As more people use Base for DeFi, NFTs, and other crypto activities, it’s important to understand how secure it is, what audits it has undergone, and what risks you should keep in mind.What Is Base and How Does It Work?Base is built using Optimistic ...