DeFiChain Tutorials - Revision history

Misterpiggie49: Adding content, linking tutorials

2022-03-11T01:15:19Z

Adding content, linking tutorials

Misterpiggie49: Misterpiggie49 moved page DeFiChain Beginner's Tutorial to DeFiChain Tutorials: Tutorial directory page is more appropriate with this name

2022-03-11T01:13:34Z

Misterpiggie49 moved page DeFiChain Beginner's Tutorial to DeFiChain Tutorials: Tutorial directory page is more appropriate with this name

Misterpiggie49: Linking tutorials together

2022-03-10T01:27:09Z

Linking tutorials together

Misterpiggie49: The old page contents are now at DeFiChain Basics Tutorial. This is now effectively a directory page so that users can have all of the tutorials in one place.

2022-03-09T02:06:14Z

The old page contents are now at DeFiChain Basics Tutorial. This is now effectively a directory page so that users can have all of the tutorials in one place.

Show changes

Misterpiggie49: Adding information

2022-03-01T20:13:27Z

Adding information

Misterpiggie49: Adding information

2022-03-01T17:54:53Z

Adding information

Misterpiggie49: Adding information

2022-03-01T17:45:16Z

Adding information

Misterpiggie49: Adding content

2022-03-01T01:37:16Z

Adding content

Misterpiggie49: Adding content, templates

2022-02-28T20:27:12Z

Adding content, templates

Misterpiggie49: Added and revised content.

2022-02-28T20:11:27Z

Added and revised content.

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-This page/directory contains the list of tutorials for DeFiChain beginners.
+This page/directory contains the list of tutorials for DeFiChain investors, from beginners to veterans.
-The first tutorial new investors should read is the [[DeFiChain Basics Tutorial]]. It contains the basics explained in a simple way so that it is easy to onboard to DeFiChain.
+The first tutorial being offered to investors is the [[DeFiChain Basics Tutorial]]. It contains the basics explained in a simple way so that it is easy to onboard to DeFiChain.
 After purchasing DFI, or before purchasing DFI if investors want more information first, investors can read the [[DeFiChain Intermediate Tutorial]], which describes various techniques for gaining additional rewards on top of any profits made from the rising price of DFI.

← Older revision		Revision as of 01:27, 10 March 2022
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	The first tutorial new investors should read is the [[DeFiChain Basics Tutorial]]. It contains the basics explained in a simple way so that it is easy to onboard to DeFiChain.		The first tutorial new investors should read is the [[DeFiChain Basics Tutorial]]. It contains the basics explained in a simple way so that it is easy to onboard to DeFiChain.
		+
		+	After purchasing DFI, or before purchasing DFI if investors want more information first, investors can read the [[DeFiChain Intermediate Tutorial]], which describes various techniques for gaining additional rewards on top of any profits made from the rising price of DFI.

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 === Bidding on Liquidated Vaults ===
 == Common Topics of Confusion ==
 There are many ideas, concepts, and topics that may be confusing to beginners and average users. Here we will go through a majority of them, and remember, feel free to ask more questions in the official social media groups that were listed at the beginning of the article.

← Older revision		Revision as of 17:54, 1 March 2022
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	=== Collateral for Vaults ===		=== Collateral for Vaults ===
		+	It is not recommended to try this option as a beginner, but it is a helpful topic to understand.
		+
		+	A new feature that was recently introduced to DeFiChain is the ability to create a vault from which you can take out a loan and mint new tokens. A vault is similar to a bank, but it is decentralized and anyone can make their own. Users may deposit DFI, dBTC, DUSD, dUSDT, and dUSDC to their vault, and 50% of the vault must be collateralized with DFI. Depending on which option a borrower chose for their vault, they can take out between $10.00 (for a vault that has a ratio of 1,000%, or $1 in loans for every $10 in collateral) to $66.66 (a vault with a ratio of 150%, or $6.66 in loans for every $10) in loans for every $100 of collateral. If the ratio of the vault falls below the ratio they chose, their vault is automatically sent to be liquidated, and people bid to take the collateral from the vault (there is more information in the section below).
		+
		+	Users can take out DUSD stablecoins, or various stock tokens and ETF tokens. This allows an investor to go short on a token; as the value of the borrowed token decreases, the less money needed to pay back the loan. You also could leverage any crypto positions you have with the extra borrowed money.
		+
		+	==== Advantages ====
		+
		+	* Hedging against stocks
		+	* Leveraging crypto positions
		+	* Increasing supply of borrowed token (when you "borrow a token," you are actually minting new tokens, increasing the supply, which is good for DeFiChain)
		+
		+	==== Disadvantages ====
		+
		+	* Risk of liquidation
		+	* Interest must be paid on borrowed tokens

	=== Bidding on Liquidated Vaults ===		=== Bidding on Liquidated Vaults ===

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 * Atomic swaps are complicated for the average user and beginners; small errors can lead to a total loss of funds
 * Bridges are not yet available, and are still being tested
 This concludes the section, you should now have a better understanding of how to get DFI.
@@ Line 162: / Line 163: @@
 === Liquidity Mining ===
 === Collateral for Vaults ===

← Older revision	Revision as of 01:13, 11 March 2022
(No difference)

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 === Staking ===
 ==== Masternodes ====
 ==== Centralized Delegation ====
 === Liquidity Mining ===
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 === Bidding on Liquidated Vaults ===

← Older revision		Revision as of 20:27, 28 February 2022
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	This concludes the section, you should now have a better understanding of how to get DFI.		This concludes the section, you should now have a better understanding of how to get DFI.
		+
		+	== What you can do with DFI ==
		+	While you can simply hold your DFI, you have opportunities to use that DFI to make a greater return on your investment. There are multiple ways you can generate more income on your DFI:
		+
		+	* Staking
		+	** Masternodes
		+	** Centralized Delegation
		+	* Liquidity Mining
		+	** Tokenized Cryptocurrencies
		+	** Tokenized Stocks
		+	** Tokenized ETFs on bonds and various markets and commodities
		+	* Collateral for Vaults (Loans)
		+	* Bidding on Liquidated Vaults
		+
		+	=== Staking ===
		+
		+	==== Masternodes ====
		+
		+	==== Centralized Delegation ====
		+
		+	=== Liquidity Mining ===
		+
		+	=== Collateral for Vaults ===
		+
		+	=== Bidding on Liquidated Vaults ===

@@ Line 4: / Line 4: @@
 == A Short Introduction ==
-The main coin of DeFiChain is DFI (it is also called "native coin," basically meaning that DFI is the original coin of the blockchain). For the Bitcoin blockchain the native coin is BTC, and for the Ethereum blockchain the native coin is ETH. In essence, native coins are used for almost everything on a blockchain, and investors buy these coins because they believe in the mission of the blockchain and therefore the rise of the native coin's price.
+DeFiChain has been designed specifically for decentralized finance, with its own blockchain anchoring (attaching) to the Bitcoin blockchain for extra security, as Bitcoin has the oldest and arguably the most secure blockchain.
 == How to Obtain DFI ==
 There are multiple ways to obtain DFI.
-* Cake (https://cakedefi.com)
+* CakeDeFi, also known colloquially as Cake (https://cakedefi.com)
 * Exchanges
 * Atomic Swaps