Discover and read the best of Twitter Threads about #notyourcoinsnotyourkeys
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1/ With the recent FTX debacle, a lot of people have been talking about self-custody and its importance
While it's easy to say, there are some best practices that need to be followed for safe self-custody.
We asked one of our devs to share his experience with us, a thread 🧵
While it's easy to say, there are some best practices that need to be followed for safe self-custody.
We asked one of our devs to share his experience with us, a thread 🧵
2/ Avoid Centralized exchanges.
In 2017, @lebed2045 Had a bad experience with a Tier 1 exchange which led to the loss of his funds. Since, then, he set a rule for himself: Avoid centralized exchanges at all costs.
#NotYourCoinsNotYourKeys should be this space's motto.
In 2017, @lebed2045 Had a bad experience with a Tier 1 exchange which led to the loss of his funds. Since, then, he set a rule for himself: Avoid centralized exchanges at all costs.
#NotYourCoinsNotYourKeys should be this space's motto.
3/ What DeFi protocols to use? There's many decentralized and on-chain alternatives for what your CEX offers.
â–« Exchange tokens? @1inch
â–« Trade with leverage? @dYdX
â–« Yield Farming? @iearnfinance
â–« Leveraged yield ? @GearboxProtocol
â–« Exchange tokens? @1inch
â–« Trade with leverage? @dYdX
â–« Yield Farming? @iearnfinance
â–« Leveraged yield ? @GearboxProtocol
