Want To Jump Into DeFi? Here's How To Get Started.

125,000,000. That, according to Statista, is the number of people employed globally in sales-related roles. It’s one of the most common professions in the world, and yet virtually no universities (or even secondary schools) actually teach how to sell. 

And if you’re thinking the same about crypto, blockchain, or DeFi—you’re not alone. DeFi, or decentralized finance, is still finance yet many people who want to participate in the DeFi ecosystem struggle to figure out how to get started. Collectively, would-be holders lack easy-to-understand resources as well as trusted mentors. And as for on-the-job training like their counterparts in sales? Well, it’s still exceedingly rare to find individuals whose full-time profession revolves around DeFi.  

Lack of resources is stifling DeFi’s growth potential 

The lack of resources to guide one’s entry into DeFi poses a fundamental challenge of access. Remember, the very idea behind DeFi was—and is—to enable everyone (especially marginalized groups and the underbanked) to gain financial freedom. 

But it’s also about the ability to identify and avoid scams. According to CNBC, scammers stole more than $14 billion in cryptocurrencies in 2021, with losses from crypto-related crime rising almost 80% compared to 2020. Resources that help create even a basic level of “DeFi literacy” could help countless individuals avoid rug pulls, pump-and-dumps, honeypots, and even outright theft.
Until then, the growing number of headlines concerning staggering amounts of theft will be sure to keep new holders on the sidelines.

DeFi needed a Knowledgebase, so Bridges Exchange created one

What is staking? How do I pay gas fees? What’s the difference between centralized and decentralized exchanges? The newly-launched Bridges Knowledgebase covers the how-tos of getting started in DeFi (and includes a Glossary for good measure).
Importantly, the new Knowledgebase isn’t simply for using the Bridges Exchange. Rather, it’s a generalist guide to DeFi that also connects users to community support and even personalized 1-1 help. Bridges’ motivation was simple: To make the future of finance work for everyone—an inclusive pronoun that it takes seriously. 

The company’s core values also include commitments to promoting safety, and although it can’t guarantee that projects listed on the Bridges Exchange will generate positive returns, it can work to minimize risks due to thorough project vetting and enhanced community knowledge.

Democratizing finance starts with democratizing knowledge 

In a world where mobile accounts for a larger percentage of web browsing than desktops, anyone can download apps and buy tokens. It’s not the technology, though, that brings more people into DeFi—it’s the confidence to act safely and make smart choices. To know what you know… and, what you don’t know. 

At Bridges, it can have additional initiatives in the works to help narrow the Knowledge Gap, among them, its newly-launched Women in DeFi podcast. Want to brush up on your DeFi knowledge or be part of the team that’s helping to bring new groups into the DeFi ecosystem? Learn more about the movement at https://bridges.exchange/! 

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