Jasmine XuBeginner's Guide to Understanding DeFi
There are a lot of great DeFi resources out there, but I’ve struggled to find one that gives a high level market overview and frameworks for how to identify different patterns in DeFi. The goal of this primer is to help you navigate the problem space, and give you pointers for starting your DeFi adventure. Planning to start with the high level framework and resources and then will follow up with subsequent posts or threads about specific protocols and how they work. This assumes you have some...
Jasmine XuState of the Union on Crypto Portfolio Trackers
The deck is easier to read, but porting over to Mirror for posterity for my web3 learnings. Any user diving into web3 will realize quickly that it is really hard to keep track of everything. There are a number of different portfolio trackers out there, so I decided to play with all of them and share some early observations in the products. This post covers:tl;drBackground and contextOverall themes across the three stages of a user’s portfolio management journeyUnderstanding your portfolioLear...
isfj, hangout in @capsule_house, @cpgclub. learning and writing about defi, web3, and product
Jasmine XuBeginner's Guide to Understanding DeFi
There are a lot of great DeFi resources out there, but I’ve struggled to find one that gives a high level market overview and frameworks for how to identify different patterns in DeFi. The goal of this primer is to help you navigate the problem space, and give you pointers for starting your DeFi adventure. Planning to start with the high level framework and resources and then will follow up with subsequent posts or threads about specific protocols and how they work. This assumes you have some...
Jasmine XuState of the Union on Crypto Portfolio Trackers
The deck is easier to read, but porting over to Mirror for posterity for my web3 learnings. Any user diving into web3 will realize quickly that it is really hard to keep track of everything. There are a number of different portfolio trackers out there, so I decided to play with all of them and share some early observations in the products. This post covers:tl;drBackground and contextOverall themes across the three stages of a user’s portfolio management journeyUnderstanding your portfolioLear...
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isfj, hangout in @capsule_house, @cpgclub. learning and writing about defi, web3, and product
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Getting started in Web3 can be daunting given how technical the space is. I originally put this content together for an audience that wanted to digest Web3 with only about 15-30 min per day. But, I think the content should be applicable for anyone trying to get into the space.
The primary goal of this onboarding is to:
Give the reader a high level understanding of what Web3 is and key use cases it unlocks
Give initial starting points for you to launch your own Web3 explorations
Web3 is really better learned via doing rather than reading. There’s no way to fully appreciate the nuance of everything without going through it yourself. Hope this inspires you to find whatever you’re most excited about!
Day 1: What is Web3
Day 2: Blockchain basics
Day 3: Set up a wallet and play with Web3
Day 4: Key Web3 use cases: DeFi and NFTs
Day 5: Choose your own adventure
Day 6: Web3 for communities (DAOs)
Day 7: Web3 for gaming
Web3 is the catch all phrase that refers to this next phase of the Internet. We’ll start by understanding what it means and represents.
Learning material
Web3 is enabled by blockchain technology. We’ll go through high level blockchain principles to understand why this invention unlocks new use cases
Learning material
Bonus material
The best way to learn about Web3 is to actually play in it. Reading will only get you so far. We’ll go through basic wallet set up and practice interacting with the blockchain.
Learning material
To do:
Get fiat money into a self-custody wallet
Use a centralized finance (CeFi) solution like Coinbase to get some crypto.
Buy some ETH (may take a few days for you to be able to transfer the money out)
Assume you might need 0.1 E for gas, and 0.2 E to try a bunch of different use cases.
Create a wallet via Metamask
Save your seed phrase on a piece of paper and never tell it to anyone!!
Copy the address of your Metamask wallet into Coinbase so you can move your ETH from Coinbase out into Metamask
Note: ETH tends to be where most of the innovation happens, but gas fees can be terrible. If you want to do this with a cheaper chain, you can also try buying Solana and using the Phantom wallet to play with Solana, where gas fees are negligible
Web3 enables the re-invention of traditional problem spaces. DeFi and NFTs have been two popular use cases.
Learning material
DeFi: pg 10, 11
NFTs: pg 17, 18
Bonus material
The best way to enjoy Web3 is to make it a choose your own adventure. Pick either the DeFi or the NFT track to start playing in Web3.
Learning material
To do
DeFi:
Add Aurora mainnet to MetaMask (ref) (choosing a chain with no gas to make this process cheaper)
Bridge money into Aurora (no gas fees) via Rainbow Bridge. This step may take 10-15 min
Swap your 20% of your ETH for some NEAR on Trisolaris, a DEX
Go to the “pool” tab. Add equal amounts of ETH and WNEAR to get liquidity pool tokens
Go to “farm” and find the WNEAR - ETH pool and deposit your tokens.
Refresh and watch yield accumulate real time!
Web3 technology has shifted ownership from a centralized entity to be significantly more decentralized. This has led to the creation of Decentralized Autonomous Organizations, or DAOs. We’ll explore examples of DAOs and how they’ve changed community-building.
Learning material
Bonus material
The rise of play to earn (P2E) and metaverse games is one of the biggest innovations to come in 2022. Gaming has often been described as the potential breakout case to bring in more “normies” into Web3.
Learning material
Bonus reading
Podcasts
Getting started in Web3 can be daunting given how technical the space is. I originally put this content together for an audience that wanted to digest Web3 with only about 15-30 min per day. But, I think the content should be applicable for anyone trying to get into the space.
The primary goal of this onboarding is to:
Give the reader a high level understanding of what Web3 is and key use cases it unlocks
Give initial starting points for you to launch your own Web3 explorations
Web3 is really better learned via doing rather than reading. There’s no way to fully appreciate the nuance of everything without going through it yourself. Hope this inspires you to find whatever you’re most excited about!
Day 1: What is Web3
Day 2: Blockchain basics
Day 3: Set up a wallet and play with Web3
Day 4: Key Web3 use cases: DeFi and NFTs
Day 5: Choose your own adventure
Day 6: Web3 for communities (DAOs)
Day 7: Web3 for gaming
Web3 is the catch all phrase that refers to this next phase of the Internet. We’ll start by understanding what it means and represents.
Learning material
Web3 is enabled by blockchain technology. We’ll go through high level blockchain principles to understand why this invention unlocks new use cases
Learning material
Bonus material
The best way to learn about Web3 is to actually play in it. Reading will only get you so far. We’ll go through basic wallet set up and practice interacting with the blockchain.
Learning material
To do:
Get fiat money into a self-custody wallet
Use a centralized finance (CeFi) solution like Coinbase to get some crypto.
Buy some ETH (may take a few days for you to be able to transfer the money out)
Assume you might need 0.1 E for gas, and 0.2 E to try a bunch of different use cases.
Create a wallet via Metamask
Save your seed phrase on a piece of paper and never tell it to anyone!!
Copy the address of your Metamask wallet into Coinbase so you can move your ETH from Coinbase out into Metamask
Note: ETH tends to be where most of the innovation happens, but gas fees can be terrible. If you want to do this with a cheaper chain, you can also try buying Solana and using the Phantom wallet to play with Solana, where gas fees are negligible
Web3 enables the re-invention of traditional problem spaces. DeFi and NFTs have been two popular use cases.
Learning material
DeFi: pg 10, 11
NFTs: pg 17, 18
Bonus material
The best way to enjoy Web3 is to make it a choose your own adventure. Pick either the DeFi or the NFT track to start playing in Web3.
Learning material
To do
DeFi:
Add Aurora mainnet to MetaMask (ref) (choosing a chain with no gas to make this process cheaper)
Bridge money into Aurora (no gas fees) via Rainbow Bridge. This step may take 10-15 min
Swap your 20% of your ETH for some NEAR on Trisolaris, a DEX
Go to the “pool” tab. Add equal amounts of ETH and WNEAR to get liquidity pool tokens
Go to “farm” and find the WNEAR - ETH pool and deposit your tokens.
Refresh and watch yield accumulate real time!
Web3 technology has shifted ownership from a centralized entity to be significantly more decentralized. This has led to the creation of Decentralized Autonomous Organizations, or DAOs. We’ll explore examples of DAOs and how they’ve changed community-building.
Learning material
Bonus material
The rise of play to earn (P2E) and metaverse games is one of the biggest innovations to come in 2022. Gaming has often been described as the potential breakout case to bring in more “normies” into Web3.
Learning material
Bonus reading
Podcasts
NFTs:
Go to Opensea and browse collections to find an NFT that you like
Join the NFT’s community (can find them usually on the NFT’s Twitter page or on the Discord logo on the right side of a collection’s home page)
Hang out in the Discord and explore the vibe
Check out some other examples of strong communities: Crypto Coven, Doodles
Check out sound.xyz (rethinking digital ownership for music)
NFTs:
Go to Opensea and browse collections to find an NFT that you like
Join the NFT’s community (can find them usually on the NFT’s Twitter page or on the Discord logo on the right side of a collection’s home page)
Hang out in the Discord and explore the vibe
Check out some other examples of strong communities: Crypto Coven, Doodles
Check out sound.xyz (rethinking digital ownership for music)
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