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Structured learning

DeFi learning paths

Curated step-by-step routes — read in order or jump to the topic you need. Each path links to guides, protocol research, and tools on this site.

Lending & yield

Intermediate users

Supply assets, borrow against collateral, and compare lending protocols.

  1. 1
    Supply on Aave

    Deposit and earn lending yield.

  2. 2
    Incident / liquidation log

    PT-reUSD cascade, Resupply, health-factor checklist.

  3. 3
    Pendle PTs as Morpho collateral

    When to skip looping yield tokens.

  4. 4
    Best DeFi lending 2026

    Aave, Morpho, Spark compared.

  5. 5
    Aave vs Compound

    Pick the right lending protocol.

  6. 6
    Liquid staking

    stETH, LST loops, and restaking basics.

  7. 7
    Live lending APY tool

    Compare rates across protocols.

Regulation & policy

Policy-aware users

GENIUS Act, MiCA, and what policy changes mean for DeFi users.

  1. 1
    Regulation hub

    Global crypto policy overview.

  2. 2
    GENIUS Act missed deadline

    July 2026 finals miss; January 2027 backstop.

  3. 3
    CLARITY cloture 15 September

    60-vote motion to proceed — not passage.

  4. 4
    Is crypto legal in the UK?

    FCA perimeter — Digital Assets UK.

  5. 5
    UK crypto tax guide

    HMRC CGT, SA108, DeFi — sister publication.

  6. 6
    Donate crypto (UK tax notes)

    Wallet gifts, Gift Aid, and CGT caveats.

Crypto guides

DeFi explained for everyone

Decentralized Finance Publication’s learn hub offers plain-English beginner guides to wallets, stablecoins, yield farming, and core DeFi protocols — no jargon assumed. Start with fundamentals, then explore protocol deep-dives at your own pace. All guides are educational research only; not financial advice.

Notice

These guides are for educational purposes only. Nothing here is financial advice.

Showing 1–48 of 57 guides

57 beginner guidesLast updated July 2026
IntermediateBorrowing & Lending

Llamalend (Curve Lend) Explained: A Beginner's Guide

Llamalend (also called Curve Lend) is a decentralized lending and borrowing platform built by the Curve Finance team. Its standout feature is soft liquidation: instead of seizing your collateral at one price, the LLAMMA algorithm sells it gradually across a range — and buys it back if the price recovers. This guide explains how it works, in plain English.

12 min read
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BeginnerGetting Started

What is Cryptocurrency?

Cryptocurrency is digital money that operates on a decentralised network of computers rather than through a bank or government. This comprehensive guide explains what crypto is, how blockchain works, the different types of cryptocurrency, and what the risks really are — in plain English with no assumed knowledge.

15 min read
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BeginnerGetting Started

What is Blockchain Technology? Simply Explained

Blockchain is the technology that makes cryptocurrency possible. It is a shared, tamper-proof public record maintained by a global network of computers. This guide explains how blockchains work, why they matter, and what different types exist.

12 min read
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BeginnerWallets

How to Choose Your First Crypto Wallet

Your crypto wallet is one of the most important decisions you make in the space. This comprehensive guide explains every type of wallet, who each is suited for, the exact security practices that matter, and how to choose between the most popular options in 2026.

12 min read
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BeginnerWallets

How to Set Up MetaMask

MetaMask is the most widely used wallet for accessing DeFi applications, swapping tokens, and managing digital assets on Ethereum and dozens of other networks. This complete guide walks you through installation, wallet creation, security setup, funding your wallet, and adding additional networks — step by step.

10 min read
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BeginnerGetting Started

CEX vs DEX: What's the Difference?

CEX (centralised exchange) and DEX (decentralised exchange) are the two main ways to buy, sell, and swap cryptocurrency. This guide explains how each type works, the key differences in security, fees, and user experience, and which is right for your situation.

8 min read
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BeginnerDeFi Protocols

How to Swap Tokens on Uniswap

Uniswap is the world's largest decentralised exchange, processing billions of dollars in daily trading volume. This complete guide walks you through how Uniswap works, how to make your first swap, understanding slippage and fees, spotting scam tokens, and using Uniswap on cheaper Layer 2 networks.

12 min read
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BeginnerGetting Started

What Are Gas Fees?

Gas fees are the transaction costs you pay to use the Ethereum network. This guide explains exactly what gas fees are, why they exist, how they are calculated, why they fluctuate so dramatically, and the practical strategies to minimise what you pay — including Layer 2 networks that reduce fees by 99%.

10 min read
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BeginnerSafety

DeFi Security: How to Stay Safe in Decentralised Finance (Complete Guide)

Billions of dollars have been lost to DeFi hacks, scams, and user mistakes. This comprehensive security guide covers every major attack vector — phishing, fake protocols, seed phrase theft, malicious approvals, rug pulls, and more — with specific, actionable steps to protect yourself and spot scams before they cost you.

15 min read
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BeginnerGetting Started

What is DeFi (Decentralised Finance)? Complete Beginner's Guide

DeFi — decentralised finance — is a collection of financial services (lending, borrowing, trading, earning interest) that run on blockchain networks without banks, brokers, or other traditional intermediaries. This guide explains what DeFi is, how it differs from traditional finance, what services are available, who uses it, and the real risks involved.

12 min read
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IntermediateDeFi Protocols

Resupply Protocol Explained: How to Borrow, Stake, and Earn Passive Income

Resupply is a DeFi lending protocol that lets you borrow the reUSD stablecoin against your Convex and Curve LP token positions — so your assets continue generating yield while simultaneously acting as loan collateral. This guide explains how Resupply works, how to set up a borrowing position, how to stake reUSD for passive income, how to claim rewards, and how it compares to Aave, Prisma, and crvUSD.

16 min read
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BeginnerWallets

Rabby Wallet Setup and Security

Rabby Wallet is a browser extension wallet built by the DeBank team that adds critical security features missing from MetaMask — most importantly, it simulates every transaction before you confirm, showing you exactly what will leave and arrive in your wallet. This complete guide covers installation, security setup, connecting to DeFi protocols like Aave and Uniswap, importing from MetaMask, and using Rabby's advanced features.

12 min read
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BeginnerWallets

How to Set Up a Hardware Wallet (Ledger & Trezor)

A hardware wallet keeps your private keys offline, making them unreachable to hackers. This guide walks through choosing, setting up, and using a Ledger or Trezor device safely.

14 min
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IntermediateDeFi Protocols

What is Liquid Staking? (Lido, Rocket Pool, EtherFi)

Liquid staking gives you a token representing your staked ETH so you can earn staking rewards while still using your assets in DeFi. Learn how Lido, Rocket Pool, and EtherFi differ.

13 min
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IntermediateGetting Started

How DeFi Taxes Work: A Plain-English Guide

Swapping tokens, earning yield, providing liquidity, and receiving airdrops all create taxable events in most jurisdictions. This guide explains what triggers tax, how to calculate it, and how to keep records.

15 min
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BeginnerGetting Started

What is a Cross-Chain Bridge?

A cross-chain bridge lets you move crypto assets from one blockchain to another — for example, ETH from Ethereum to Arbitrum. Learn how they work and why they are the most-hacked category of DeFi infrastructure.

10 min
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BeginnerSafety

How to Protect Your Seed Phrase

Your 12 or 24-word seed phrase is the only backup for your crypto wallet. This guide covers the real threats, storage best practices, and the mistakes that lead to permanent loss.

8 min
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IntermediateDeFi Protocols

What is Yield Farming and Liquidity Mining?

Yield farming means deploying crypto across DeFi protocols to maximise returns. This guide explains liquidity pools, LP tokens, impermanent loss, reward tokens, and how to evaluate whether a yield is real.

13 min
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IntermediateAdvanced DeFi

What Is a Flash Loan?

Flash loans are uncollateralised DeFi loans that must be borrowed and repaid within a single blockchain transaction. This guide explains how they work, their legitimate uses in arbitrage and liquidations, why they have been used in major DeFi exploits, and which platforms offer them.

8 min read
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BeginnerDeFi Concepts

What Is a DAO?

A DAO (Decentralised Autonomous Organisation) is an organisation governed by token holders through on-chain voting, with rules encoded in smart contracts rather than legal documents. This guide explains how DAOs work, how voting functions, the biggest DAOs in DeFi, the veToken model, and their legal status in the UK.

10 min read
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BeginnerGetting Started

DeFi vs Traditional Finance

This guide compares DeFi to traditional finance (TradFi) across 12 key dimensions — custody, access, transparency, fees, regulation, and risk — with a full comparison table and plain-English explanation of every difference. Includes UK-specific context on FSCS protection, FCA regulation, and tax.

9 min read
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IntermediateAdvanced DeFi

What Are Prediction Markets in DeFi?

Prediction markets allow users to trade on the probability of real-world events. This guide explains how decentralised prediction markets work, the leading platforms (Polymarket, Gnosis, Augur), oracle resolution, and their legal status in the UK.

9 min read
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BeginnerSecurity

Is DeFi Safe? Risks Explained

DeFi carries genuine risks that are different from traditional investing. This guide ranks and explains the main DeFi risks — smart contract exploits, liquidation, oracle manipulation, rug pulls, and impermanent loss — with practical guidance on reducing exposure to each.

12 min read
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IntermediateAdvanced DeFi

What Is RWA Tokenisation?

Real-world asset (RWA) tokenisation converts off-chain assets — government bonds, private credit, real estate — into on-chain tokens. This guide explains how it works, the leading protocols (BlackRock BUIDL, Ondo Finance, Centrifuge, Maple Finance), how RWAs are used in DeFi, and the risks involved.

10 min read
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BeginnerSecurity

DeFi Insurance Explained

DeFi insurance protocols offer on-chain coverage against smart contract exploits, stablecoin depegs, and exchange hacks. This guide explains how DeFi insurance works, the leading providers, what is and is not covered, the claims process, and whether it is worth the premium.

8 min read
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IntermediateAdvanced DeFi

What Are Perpetual Swaps?

Perpetual swaps (perps) let you speculate on cryptocurrency prices with leverage and no expiry date. This guide explains how perps work, the funding rate mechanism, liquidation risk, the leading DEX perp platforms (dYdX, GMX, Drift, Hyperliquid), and the key risks of leveraged crypto trading.

11 min read
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BeginnerDeFi Basics

What is Impermanent Loss?

Impermanent loss is the temporary reduction in value that liquidity providers experience when the price ratio of their deposited tokens diverges after they've added funds to an AMM pool. This guide explains exactly how it works, how to calculate it, and how to manage the risk.

8 min read
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BeginnerDeFi Basics

What is an Automated Market Maker (AMM)?

An Automated Market Maker (AMM) is the mechanism that powers every major decentralised exchange. Instead of matching buyers with sellers, AMMs use mathematical formulas and pooled liquidity to price and execute trades instantly. This guide explains how they work, the different AMM types, and the tradeoffs involved.

9 min read
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IntermediateDeFi Basics

What is MEV (Maximal Extractable Value)?

MEV, or Maximal Extractable Value, is the profit that can be captured by reordering, inserting, or censoring transactions in a block. From sandwich attacks to arbitrage bots, MEV affects every DeFi user. This guide explains what MEV is, how it works, and how to protect yourself.

10 min read
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BeginnerDeFi Basics

What is a Liquidity Pool in DeFi?

A liquidity pool is a smart contract holding reserves of tokens that allows DeFi protocols to offer instant, trustless trading, lending, and other financial services. Understanding liquidity pools is fundamental to understanding how almost all of DeFi works.

7 min read
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BeginnerDeFi Basics

What is TVL in DeFi? (Total Value Locked Explained)

TVL — Total Value Locked — is the most cited number in DeFi, appearing in every protocol ranking and news article. But what does it actually measure, how is it calculated, and what are its limitations? This guide gives you a complete understanding of TVL.

6 min read
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BeginnerDeFi Basics

What is Slippage in DeFi?

Slippage is one of the most misunderstood concepts for DeFi beginners. It's the difference between the price you expect when submitting a swap and the price you actually receive. Understanding slippage — and setting it correctly — can save you money on every DeFi trade.

6 min read
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BeginnerDeFi Basics

Best DeFi Wallets

Choosing the right crypto wallet is the most important decision a DeFi user makes. This guide compares the top DeFi wallets of 2026 — from software wallets for everyday use to hardware wallets for maximum security — and recommends the best option for each type of user.

9 min read
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BeginnerDeFi Basics

Best DeFi Protocols for Beginners

With hundreds of DeFi protocols competing for attention, choosing where to start can be overwhelming. This guide cuts through the noise to highlight the safest, most established protocols that beginners should consider for their first DeFi steps in 2026.

9 min read
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IntermediateDeFi Strategies

Best Yield Farming Strategies

Yield farming is the practice of deploying crypto assets across DeFi protocols to earn returns. This guide covers the best yield farming strategies in 2026 — from conservative stablecoin deposits to advanced concentrated liquidity strategies — with honest risk assessments for each.

10 min read
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BeginnerStablecoins

Best Stablecoins to Hold

Not all stablecoins are equal. USDT, USDC, DAI, USDe, and a dozen others all claim to maintain a $1 peg, but their risk profiles, yield opportunities, and use cases differ significantly. This guide helps you choose the right stablecoins for your DeFi strategy in 2026.

8 min read
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IntermediateHow-To Guides

How to Provide Liquidity on Uniswap V3: Step-by-Step Guide

Uniswap V3 concentrated liquidity lets LPs earn more fees per dollar than any previous AMM model — but it requires understanding price ranges, NFT positions, and active management. This step-by-step guide walks you through the entire process.

12 min read
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BeginnerHow-To Guides

How to Stake ETH with Lido

Lido Finance lets you stake any amount of ETH without technical knowledge, lock-up periods, or the 32 ETH minimum required to run an Ethereum validator. This step-by-step guide covers everything from connecting your wallet to receiving stETH and using it in DeFi.

8 min read
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BeginnerHow-To Guides

How to Use a DEX Aggregator: 1inch, Jupiter & More

A DEX aggregator finds the best swap rate by splitting your trade across multiple liquidity sources. Whether you're on Ethereum, Arbitrum, or Solana, using an aggregator instead of a single DEX can save you meaningful amounts on larger trades. This guide explains how they work and how to use them.

7 min read
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BeginnerDeFi Strategies

How to Earn Yield on Stablecoins

Stablecoins sitting idle in a wallet earn nothing. DeFi offers several ways to earn 4-15% APY on stablecoins — from simple lending on Aave to yield-optimised vaults on Morpho and fixed-rate strategies on Pendle. This guide covers the best options and their risk profiles.

9 min read
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BeginnerHow-To Guides

How to Track Your DeFi Portfolio

Managing a DeFi portfolio across multiple chains and protocols is complex. The right portfolio tracker gives you a clear view of everything you hold, what you're earning, and where your funds are deployed. This guide covers the best free tools available in 2026.

7 min read
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IntermediateDeFi Protocols

How to Use Pendle Finance

Pendle splits a yield-bearing token into PT (fixed claim at maturity) and YT (the yield stream). This guide covers buying PT, reading implied APY, exiting early, and who should stay on variable lending.

14 min read
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IntermediateHow-To Guides

How to Trade Perpetuals on Hyperliquid

Hyperliquid is a high-volume on-chain perpetual futures venue with an order-book feel. This guide covers depositing margin, placing a first trade, funding, liquidation, and who should not trade perps at all.

14 min read
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IntermediateAdvanced DeFi

What is Restaking? EigenLayer Explained

Restaking lets staked ETH secure additional services via EigenLayer. This guide covers AVSs, liquid restaking tokens, correlated slashing, and who should stay on plain liquid staking.

14 min read
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IntermediateDeFi Protocols

How to Use Morpho Blue

Morpho Blue is a permissionless lending primitive; MetaMorpho vaults are curated allocations across its markets. This guide covers depositing into a vault, curator risk, and when to stay on Aave.

14 min read
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IntermediateDeFi Protocols

How to Use Kamino Finance on Solana

Kamino combines Solana lending, automated LP, and Multiply loops. This guide covers a first supply, why Multiply is not beginner yield, and when Aave on an EVM chain is the better start.

14 min read
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IntermediateHow-To Guides

How to Trade Perpetuals on Drift

Drift is a Solana perpetual futures DEX with an on-chain book. This guide covers depositing USDC, a first low-leverage trade, funding, and when Hyperliquid or no perps at all is the better call.

14 min read
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IntermediateAdvanced DeFi

How to Access Tokenised US Treasuries

Tokenised Treasuries wrap government-bond exposure on-chain. This guide covers Ondo, BUIDL-style products, KYC gates, DeFi use, and who should stay in USDC or a bank gilt fund.

14 min read
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All guides are for general educational purposes only. Cryptocurrency and DeFi products carry significant risk. Always consult a qualified financial adviser before making investment decisions.