After seeing lots of struggles with @Ledger and #DeFi apps in @zapper_fi Discord, I've been playing with Ledger nonstop in DeFi apps to see if I can find common hang-ups.
I use Chrome+Ledger imported into @metamask_io and I have good news: it's working very well.
A few things:
1/ Make sure you have Ledger Live downloaded to update your firmware. All my Ledgers are updated and I found that as long as they were updated, my experience using DeFi was flawless. support.ledger.com/hc/en-us/artic…
2/ Quick reminder: all you need is the Ethereum app installed to use any DeFi app on Ethereum and store any Ethereum-powered token. support.ledger.com/hc/en-us/artic…
3/ In Settings for the Ethereum app, make sure Contract Data = Allowed. That will allow you to work with DeFi apps.
Then, be sure Debug Data = NOT Displayed, or else each MetaMask Confirmation will take you 50 clicks to confirm vs maybe 5-10 clicks. support.ledger.com/hc/en-us/artic…
4/ Make sure your Ledger has the Ethereum app open and says Application is Ready before confirming a @metamask_io transaction.
Mine often works regardless but avoid issues of missing signing the transaction by ensuring the Ethereum app is ready after hitting Confirm in MM.
FIN/ If you've never used Ledger w/ @metamask_io, check out Connect Hardware Wallet.
If you have no idea what I'm talking about and storing most tokens on MM, you're one phishing attack away from losing it all. Get a HW wallet or adopt a multisig mobile wallet like @argentHQ!
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👇I also mistakenly prepped slides days ago and so I might as well share these 7 core tenets I'm focusing on at the moment as a #DeFi market participant/investor.
⟠1⟠ Always be learning!
⟠2⟠ Always be paranoid with your funds. Become master of cold storage, hardware wallets, and multisig wallets like @gnosisSafe and @argentHQ.
⟠3⟠ Track your #DeFi portfolio with @zapper_fi so you can review what's working and more importantly, what's not!
🕺🏻Looking for #DeFi inspiration? Comb through some of my recent videos on defidad.com.
📺 Better yet, watch the first 8 episodes of @Yield_TV powered by @zapper_fi at tv.zapper.fi and then tune in next week for new daily episodes where we talk DeFi and screenshare about all these new opportunities.
🥳I just funded these 58 grants on @gitcoin Grants Round 7!
🙏Thank you to @gitcoin for making this all possible and keep up the amazing work funding OSS!
1/ @epnsproject because push notifications via Ethereum wallet address will empower teams with a smarter, private, and crucial communications channel for product updates, alerts about deposited funds, governance, and even bugs. epns.io
🎬New tutorial on how to pay less gas to hold yUSD by @iearnfinance!
📈yUSD aka yyCrv aka Y Curve Vault by @iearnfinance is one of the most popular #DeFi stablecoin earning products.
⚡️Now with our new @zapper_fi Exchange (a DEX agg) you can pay $25 vs $100+ in gas fees.
🏴Watch the full tutorial here on @BanklessHQ YouTube for our best hack yet to get into yUSD with @zapper_fi Exchange:
🚨Please be aware there is always risk in using DeFi, including technical risks (ie smart contracts hacks), financial risks (ie liquidity crises), potentially admin risk (admin key compromise or governance vulnerabilities), and risk of a pegged asset de-pegging like DAI or sBTC.