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Section 1 — Getting StartedLesson 3 of 10 8 minsVideo

Lesson 1.2 - The Basics

Here is what you before you start

Take the self-quiz below ↓

In This Lesson

  • Get a compatible Stacks wallet (Leather preferred, Xverse alternative)
  • Fund it with STX for transaction fees
  • Learn the key DeFi terms
  • Learn essential security practices

Key Insights

  • Providing Liquidity is not staking and not trading
  • Think of LP as a high volume, low margin business
  • Expect most meme coins to go to zero — learn to manage your risk
  • Volume is key to fee generation
  • Well-established long-term tokens and stablecoins can be safer but yield less

Self-Quiz

Question 1 of 3

Providing liquidity is best described as…

fair
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