By Alan, Peter

You can use DeFi to do almost everything that you can do in TradFi (traditional finance).

However, DeFi is risky, so we recommend that you start slowly and only invest what you can afford to lose.

What follows is not investment advice.

DeFi beginner

Send money: 

• You can send tokens to anyone in the world if you know their public wallet address.
• Learn more: How to set up a wallet? 

Stake cryptocurrencies

• You can earn yield by staking (locking up) your crypto to validate blockchain transactions.
• Learn more: How to stake crypto?

Hold stablecoins

• You can earn yield by staking stablecoins pegged to a “stable” asset like the US dollar. Stablecoins can be fiat-backed, crypto-backed, or algorithmic. 
• Learn more: What are stablecoins?
  

DeFi intermediate

Swap tokens

• You can swap a pair of tokens using decentralized exchanges (DEXs). 
• Learn more: How to swap tokens?

Lend and borrow crypto

• You can earn yield by lending and borrowing crypto (the latter is riskier).
• Learn more: How to lend and borrow assets?
  

DeFi expert

Provide liquidity

• You can earn yield by providing liquidity in exchange for rewards and transaction fees.
• Learn more: How to provide liquidity?

Yield farm

• You can yield farm to maximize your yield across multiple DeFi protocols.
• Learn more: How to yield farm?

Finally, whether you're a beginner, intermediate, or expert, you should know How to avoid getting rekt in DeFi?

We’ll cover the above DeFi use cases in the rest of this learning path.

Up next: How to stake crypto?