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).

Base is a Layer 2 blockchain built by Coinbase, designed to offer lower fees and faster transactions than Ethereum while inheriting its security. It supports the same applications as Ethereum, but transactions use ETH as gas.

Choose a reputable, non-custodial wallet that supports Base, such as MetaMask or Coinbase Wallet.

• Install only from official sources.

• Write down your seed phrase on paper, not on your phone or computer.

• Never share your seed phrase with anyone or any website.

• Bridge Only What You’re Prepared to Lose

Since Base is new and bridges can be risky, start with a tiny amount of ETH (e.g.,$5-10). Use the official Base bridge or trusted third-party bridges like Hop or Orbiter Finance.

• Double-check all links—phishing is rampant!

• Always confirm the URL starts with “https” and is the real site.

• DYOR: Research Every Protocol

Before interacting with any DeFi protocol, thoroughly research it.

• Check if the protocol has reputable audits.

• Look for active communities (Discord, Twitter, forums).

• Read past incident reports about hacks or exploits.

If you aren’t sure, stick to well-established protocols like Uniswap, Aave, or official Base ecosystem partners.

Before risking real funds, use testnets to simulate how the protocols work. Many wallets and DeFi tools offer a “testnet” version where you can practice without any real money.

Stick to simple actions like swapping tokens or providing liquidity—avoid high-yield, complicated strategies at first.

• Use DeFi aggregators (e.g., 1inch) to compare swap prices.

• Understand impermanent loss before providing liquidity.

• Protect Against Scams and Exploits

• Never click on airdrop or claiming links from DMs or emails.

• Be cautious of fake tokens—always verify token contract addresses from official websites.

• Revoke token approvals when done interacting with a dApp by using sites like

• Manage Transaction Fees and Limits

Since Base is low-fee, transaction costs are minor, but set reasonable slippage and always double-check transaction amounts to avoid fat-finger mistakes.

Use portfolio trackers like DeBank or Zapper to view all your assets and transactions on Base. This helps you spot unauthorized activity or missed balances.

1. Know When (and How) to Exit

2. If you need to withdraw, bridge funds back to mainnet using trusted bridges.

3. Remember: sometimes exits take time due to network congestion.

• Avoid FOMO—Don’t rush into hyped projects or yield farms.

• Keep software updated—Always update wallets and browsers.

• Split funds—Keep experimental funds separate from core savings.

• Use multi-factor authentication for exchange accounts, if relevant.

• Sending tokens directly to the wrong chain/address (always check the network!)

• Investing in unaudited or copycat DeFi projects

• Approving unlimited token allowances (set limits if possible)

• Ignoring community feedback and red flags

Base makes experimenting with DeFi more affordable for everyone, but never risk more than you can afford to lose. Start small, educate yourself, and move cautiously as you explore the growing Base ecosystem. By following these safety steps, you’ll minimize your chances of getting “rekt” and increase your odds of enjoying the benefits of DeFi.

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).

Base is a Layer 2 blockchain built by Coinbase, designed to offer lower fees and faster transactions than Ethereum while inheriting its security. It supports the same applications as Ethereum, but transactions use ETH as gas.

Choose a reputable, non-custodial wallet that supports Base, such as MetaMask or Coinbase Wallet.

• Install only from official sources.

• Write down your seed phrase on paper, not on your phone or computer.

• Never share your seed phrase with anyone or any website.

• Bridge Only What You’re Prepared to Lose

Since Base is new and bridges can be risky, start with a tiny amount of ETH (e.g.,$5-10). Use the official Base bridge or trusted third-party bridges like Hop or Orbiter Finance.

• Double-check all links—phishing is rampant!

• Always confirm the URL starts with “https” and is the real site.

• DYOR: Research Every Protocol

Before interacting with any DeFi protocol, thoroughly research it.

• Check if the protocol has reputable audits.

• Look for active communities (Discord, Twitter, forums).

• Read past incident reports about hacks or exploits.

If you aren’t sure, stick to well-established protocols like Uniswap, Aave, or official Base ecosystem partners.

Before risking real funds, use testnets to simulate how the protocols work. Many wallets and DeFi tools offer a “testnet” version where you can practice without any real money.

Stick to simple actions like swapping tokens or providing liquidity—avoid high-yield, complicated strategies at first.

• Use DeFi aggregators (e.g., 1inch) to compare swap prices.

• Understand impermanent loss before providing liquidity.

• Protect Against Scams and Exploits

• Never click on airdrop or claiming links from DMs or emails.

• Be cautious of fake tokens—always verify token contract addresses from official websites.

• Revoke token approvals when done interacting with a dApp by using sites like

• Manage Transaction Fees and Limits

Since Base is low-fee, transaction costs are minor, but set reasonable slippage and always double-check transaction amounts to avoid fat-finger mistakes.

Use portfolio trackers like DeBank or Zapper to view all your assets and transactions on Base. This helps you spot unauthorized activity or missed balances.

1. Know When (and How) to Exit

2. If you need to withdraw, bridge funds back to mainnet using trusted bridges.

3. Remember: sometimes exits take time due to network congestion.

• Avoid FOMO—Don’t rush into hyped projects or yield farms.

• Keep software updated—Always update wallets and browsers.

• Split funds—Keep experimental funds separate from core savings.

• Use multi-factor authentication for exchange accounts, if relevant.

• Sending tokens directly to the wrong chain/address (always check the network!)

• Investing in unaudited or copycat DeFi projects

• Approving unlimited token allowances (set limits if possible)

• Ignoring community feedback and red flags

Base makes experimenting with DeFi more affordable for everyone, but never risk more than you can afford to lose. Start small, educate yourself, and move cautiously as you explore the growing Base ecosystem. By following these safety steps, you’ll minimize your chances of getting “rekt” and increase your odds of enjoying the benefits of DeFi.