This guide is not financial advice and intended for educational purposes only on how to deploy stAPT into DeFi. Consult with a registered advisor for a better understanding of your financial needs and how these strategies may fit. The risks outlined below are a summary of common risk items and not complete.
DeFi safety tips
A few safety tips before you start: Moving tokens off a centralized exchange or cold storage onto a Decentralized exchange is empowering but requires better knowledge oversight of your positions. Here are some best practices:
Do not share or store your wallet seed phrase on the cloud. It can be hacked.
Do not connect your wallet to protocols you do not trust.
Regularly remove connection permissions to sites from your wallet.
Do not visit protocols from random user links on social media. Ads served online may even be a fake protocol site out to gain access to your wallet.
Thoroughly understand the liquidation risks and mechanisms before taking a leverage position.