Getting familiar with crypto and DeFi, I stumbled up https://www.dharma.io/ they had free Polygon (MATIC - Ethereum layer 2 solution) transfers and no fees to buy USDC.  They even had a sign-up bonus that was $100 in ETH. I was able to buy USDC from my bank account without any fees and was ready to explore DeFi.  But this last week, they was announced that they were acquired by https://opensea.io/ .  The largest NFT marketplace.  However, they have decided to shutdown the Dharma wallet App and give people 30 days to transfer their crypto out. I'm happy for the team, but sad to lose a no fee way to buy USDC on the Polygon (MATIC) network that is suppose to be super fast with little transaction fees. Transferring out crypto on Polygon (MATIC) network was no problem, but I had less $100 ETH.  And with ETH gas fees being high, it might be even higher than the ETH value itself.  Luckily, I remember reading that Gemini has free crypto withdraws, up to 10 per m...

So you bought into the narrative that crypto / bitcoin / ethereum is the internet of money and the future of finance. But now what can you do with it? You can definitely trade, sell and transfer it, but here are the financial uses of crypto: Lending, Staking, Market Making and Yield Farming Lending One of the first things you can do with crypto currency is lend and borrow it. Most major CeFi (Centralized Finance) institutions will provide have lending and borrow rates that can range froma few percent APY to close to 15% APY (BlockFi, Celsius etc). With lending being more standardized, there have been many DeFi (Decentralized Finance) options - software protocols - enabling lending providing higher rates as it is completely systematized process cutting out the middleman and human labor. However, with no institution providing the service it is up to the users to make sure the assets are safe and the code doesn't have malicious intent or bugs that could put the assets at risk. On...