Know this
Get the idea right.
Every position depends on contracts, collateral rules, price oracles, liquidity, governance, and the network beneath it. Yield is payment for risk, not free money.
Markets field guide
DeFi.
Financial tools built from smart contracts
Decentralized finance uses on-chain programs for trading, lending, borrowing, stablecoins, and other financial activity. Self-custody removes some intermediaries, but it adds contract, oracle, liquidation, governance, and wallet-approval risk.
What it isWhy it mattersWhat can go wrongWhat to do next
Why this matters
Open financial rails with visible rules and invisible edge cases.
DeFi can make markets and credit available to any compatible wallet, around the clock, without a traditional account-opening process.
Watch this
See the risk early.
Liquidation, impermanent loss, smart-contract exploits, oracle manipulation, governance attacks, depegging, and malicious approvals can compound quickly.
Do this next
Turn knowledge into a habit.
Read the liquidation and withdrawal rules, verify the contracts, inspect audits as evidence—not guarantees—and use a separate wallet with limited approvals.
Check the source
Read beyond the summary.
This guide is a starting point. Use the original documentation and public-interest resources below to verify the details and see what may have changed.
Keep learning
Connect the dots.
More from Markets.
Plain English. No hype.
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