CRYPTO NOTES

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Staking

Staking cryptocurrencies is a process that involves committing your crypto

assets to support a blockchain network and confirm transactions. It's available
with cryptocurrencies that use the proof-of-stake model to process payments.
This is a more energy-efficient alternative to the original proof-of-work model.

Risks:
Staking requires vesting period. -> crypto can’t be transferred during certain
period of time. Do research for the project beforehand!

Yield farming

—> “Interest”
you can earn these LP tokens

Yield farming is one such investment strategy in DeFi. It involves lending or

staking your cryptocurrency coins or tokens to get rewards in the form of
transaction fees or interest. This is somewhat similar to earning interest from a
bank account; you are technically lending money to the bank.

Yield farming Can be paralelled to stalking. However a lot of complexity gong on in

the backgorund. In many cases, it works with Users called liquidity providers (LP)
that add finds to liquidity pools.

Liquidity Pool: Smart Contract that contains funds. In return for providing
liquidity to the pool, LPs get a reward. —> for example fees generated by
underlying DeFi platform

You want to yield farming at lows, and tak out at new highs
look for yield farms with a stable coin.
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ledger nano (key)

crypto.com app
cashapp
blockfolio (tracks holdings in your portfolio without having to connect wallet)
Kraken.com
uniswap.com (decentralized exchange, coinbase wallet needed for using
uniswap)
binance.us
Google authenticator
Exodus wallet (download desktop)
coinbase app (phone)

Types of coins (cliffnotes in Curtis’s fav)

STRANSACTIONAL COINS
Bitcoin (it was supposed to be digital versional of cash, it is deflationary because it
is limited) Max Supply 21’000’000, Circulating supply ~18 mio.

Every time a tracnsaction is sent, in order to participate in it we can purchase

something called a miner. Once that transaction is set to the blockchain, As a
blockchain miner want to go through all the crypto. x wants to send y 16 bitcoin.

FUNCTIONAL COINS
Ethereum. same than Transactional coin. But has another function that allows you
to create other projects on ETH network. —> over 6000 projects are made on ETH
network. Those projects are not forks. —> smart-contract allows to create
projects based on ETH network. ETH has no max supply. And circulating supply
can be unlimited.
every time ETH is used on certain transactions, a certain amount of eth will be
burned and never returned to the blockchain and they will be put on a capo in
order to limit transaction costs. it now has a deflationary mechanism built in to it.
—> they will be burning the ETH will become scarce and price rises.
STABLE COINS

LEDGER NANO:
Next Steps: Connect Nano s to Proton Mail.

Coinbase, crytpo.com ,cashapp, are apps that help us buy the crypto. But we need
to transfer the crypto into a much more secure app to sture with private key.

Public key is your bitcoin address

Public Key:

Private Key
Wallets: for example exodus. (Only do desktop version)

What Is a Hot Wallet?

A hot wallet is a cryptocurrency wallet that is always connected to the internet and
cryptocurrency network. Hot wallets are used to send and receive cryptocurrency,
and they allow you to view how many tokens you have available to use.

What Is Cold Storage? Cold Wallet

Cold storage is an offline wallet used for storing bitcoins. With cold storage,
the digital wallet is stored on a platform that is not connected to the internet,
thereby protecting the wallet from unauthorized access, cyber hacks and other
vulnerabilities to which a system that is connected to the internet is susceptible.

ERC-20

Tether
Pegged at usd. Built for the trader, for the smart investor. Tether is used to trade
out from bitcoin or ether to save volatility.
Never Used tether. Use stable coins instead. Ticking time bomb (opinion)

Volatility:
Volatility is a statistical measure of the dispersion of returns for a given
security or market index. In most cases, the higher the volatility, the riskier the
security. Volatility is often measured as either the standard deviation or variance
between returns from that same security or market index.

If you wanna get out of a crypto currency stablecoins are your best bet. exit a
project you use a stablecoin. like USDC and NOT TETHER. We can swap into a
stable con and avoid volatility.
—> 49:17 see coinswap (IM Academy) in the chat
Stablecoin is a cryptocurrency that will not move with bitcoin.

4 question ask as a researcher

example:
Curve DAO Token.

– Google Curve DAO Token used case?

– Curve Token Token Partnerships? Who are they partnering and investing.
– Curve DAO Token Competitions?
– Delistings?? Are major exchanges delisting? if yes, not a good side.
–