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Take Care of Your Bag

SAFETY FIRST

  1. 1.
    ALWAYS check in the official channels of a platform for clarification if you are not sure.
  2. 2.
    A LOT OF fraud goes on in telegram. Be careful and always double-check usernames.
  3. 3.
    NO community member will message you first when you post a question in a chat. This will always be answered from inside the chat, so beware of any impersonators contacting you!
  4. 4.
    NO one shall ask for your seed phrase, password, or funds. Do not share this under any circumstances!
  5. 5.
    DO NOT click on any links from strangers. You risk losing your funds anytime you click a link from an unknown source (phishing)!

HOW TO REDUCE DEFI RISKS

  1. 1.
    Only invest amounts of money you can afford to lose.
  2. 2.
    Take (partial) profit when you are in positive gain.
  3. 3.
    Set up your own portfolio plan. Do not put all your eggs in one project, but assess how much risk you are willing to take on.
  4. 4.
    Always balance your risk. Be aware of the possibility to lose entire deposits.
Last modified 2mo ago