Updated Feb 2023.
Crypto is complex.
Thereβs too many technical concepts to learn, and protocols to familiarize yourself with.
Donβt worry - this Bankless guide is your roadmap into the world of crypto. Think of it as a curated crypto Wikipedia into the wild west of open finance. π
We make it less intimidating, accessible and most importantly, fun to learn.
Welcome to the 2023 Bankless journey.
- Ryan Sean Adams
2023 Bankless guide content page:
- Understanding core concepts - What is crypto?
- Bitcoin, Ethereum and Alt-L1s
- DeFi
- NFTs
- Blockchain gaming and collectibles
- Layer-2 rollups
- DAOs
- Trading crypto - How to DeFi?
- Security & Privacy
- How to do crypto taxes
- Getting a job in crypto
- Public Policy
- The Big Picture (Essential Editorials)
1. Understand core concepts
The perfect intro to DeFi for beginners stepping into crypto:
- πΊWatch videos on the Bankless Basics youtube channel!
- πWhat is DeFi composability?
- πWhat is the Ethereum Virtual Machine?
- πHow DeFi lending works
- πHow Automated Market Makers (AMMs) work
- πWhat are BTC and ETH futures?
- πWhat are DeFi synthetic assets?
- πThe Wild Future of Synthetic Assets
- πWhat are data oracles and why we need decentralized oracles
- πWhat is Web3 indexing with The Graph
- ποΈThe Bull Case for DeFi | Vance Spencer
Advanced:
- πDeFi on Bitcoin
- πEthereum: The Digital Finance Stack
- πHow DeFi enables equitable ownership distributions
- πCrypto banks vs money protocols
- πDeFi in Eth2: Cities, suburbs, farms
- πDeFi needs more value
- πHow can a protocol defend against a fork?
- ποΈDeFi in the Eth2 Metropolis | Haseeb Qureshi
Big picture:
- πThe Crypto Money Portfolio (why ETH & BTC matter most)
- πFTX Is Why We Need More DeFi, Not Less
- ποΈMark Cuban on Why DeFi and NFTs are the Future
- πΊHow to Invest in the Future | Cathie Wood
- πΊThis is How Crypto Fixes the Internet | Antonio GarcΓa MartΓnez
- πΊThe Crypto Revolution | Josh Rosenthal
- πΊMarc Andreessen & Chris Dixon of a16z | Reinventing the Internet
2. Ethereum, Bitcoin and Alt-L1s
Bitcoin is the OG blockchain. What made it so successful, and how does it work?
- πBitcoinβs Scarcity Game
- πWhen Bitcoin Moon?
- πIs tokenized BTC bullish for ETH?
- πBTC's monetary policy is overrated
- πHow Bitcoin Builds DeFi
- πThe Essential Guide to DeFi on Bitcoin
- πHow to Mint a Bitcoin NFT
- π4 Misconceptions about PoS vs PoW
- πΊ Vitalik Buterin DEFENDS Bitcoin Maximalism
- πΊ The PoW vs PoS Debate
What is Ethereum?
- πEthereum: The first profitable blockchain
- πThe 2 faces of Ethereum (DeFi is a spectrum)
- πCan Ethereum slay Moloch?
- πEthereum is an emergent structure
- πA Beginner's Guide to ETH Validators
- π15 Bad Takes on Ethereum with Justin Drake
- πA Tale of Two Money Systems
- πThe Empire Model for Blockchains
- ποΈEthereum: Past, Present, Future | Vitalik Buterin
- ποΈEtherβs Value Mechanisms
- ποΈWhat's an Etherean | Nic Carter
MEV and censorship
- πThe Ethereum Watershed
- πTransaction ordering on Ethereum
- πA Beginnerβs Guide to Ethereum Censorship (πΊEthereum Uncensored with Justin Drake)
Ethereum monetary policy
- πThe fundamental value proposition for Ether
- πETH's monetary policy is underrated
- πEther: The Birth of the Digital Bond
- πWhy Ethereum is Ultra Sound Money
- πEther: A new model for money (ποΈPodcast)
- πEther: The reserve asset
- πWhat if ETH had a fee burn 5 years ago?
- ποΈHow Ethereum's economic engine makes it Ultra Sound Money
What are the alt-L1s blockchains fighting to beat Bitcoin and Ethereum?
- πThe Good, The Bad, and The Ugly of Binance Smart Chain
- πHow to use Polygon
- πA Beginnerβs Guide to Cosmos
- πThe Cosmos Endgame
- πHow to Get Started on Cosmos
- πΊThe Cosmos Thesis with Sunny Aggarwal & Zaki Manian
- πΊWhy Bankless Is Wrong | Ethan Buchman - Cosmos
- πA Beginnerβs Guide to Canto
- πA Beginnerβs Guide to Terra
- πUST Luna Meltdown: What Happened?
- πΊUST: New Paradigm or Ticking Time Bomb? | Terra Bear vs Bull
- πΊPolygon Super Scaling Ethereum | Nailwal & Bjelic
- πIs Solana dead?
- πΊWill Solana Make It with Anatoly Yakovenko
3. DeFi
Into the world of Decentralized Finance:
The most essential DeFi protocols that you need to know about.
- πΊThe Bull Case for MKR (Apr 2022)
- πΊThe Return of Aave (Apr 2022)
- πΊWhat is Uniswap? | Hayden Adams (Apr 2021)
- ποΈ Going Bankless with Compound | Robert Leshner
- ποΈ Going Bankless with Uniswap | Caleb Sheridan
- πΊLiquity & LUSD | Robert Lauko (May 2021)
- πΊWhat is Alchemix? | Scoopy Trooples (Apr 2021)
- πΊWhat is PoolTogether? | Leighton Cusack (Apr 2021)
- πΊThe Bull Case for RocketPool
- πThe Essential Guide to GMX
- πHow to Trade Interest Rates with Voltz
- πYour Guide to the Synthetix Ecosystem
What is yield farming:
- πA guide to Sustainable Yield Farming
- πHow to avoid impermanent loss (Jul 2021)
- πAquaponic Yield Farming
- πYield Farming Games and the Yield Farming Premium
- πThe Bear Case for Yield Farming
- ποΈGrowth Hacking DeFi | Dan Elitzer
- ποΈFarming the Farmers | Andre Cronje
- πΊAn example of yield farming on Curve Finance
Stablecoins, cryptoβs killer app:
- πHow to Use Decentralized Stablecoins
- πThe Stablecoin Wars (May 2022)
- πRise of the crypto dollar
- πCrypto fiat: mutualistic or parasitic? π₯
- πΊGrowing Dai to trillions | Steven Becker
- πΊUST: New Paradigm or Ticking Time Bomb?
4. NFTs
For everything on the world of non-fungible tokens:
- ποΈThe Bull Case for NFTs
- πThe Digital Culture Revolution
- πWhat are CC0 (Creative Commons 0) NFTs?
- πThe next big trend in music NFTs
- πCrypto will fix the music industry
- πFinding the XCOPY of Music NFTs
- πThe Status of Web3 Social Media
- πThe Decentralized Identity Revolution
- πUltimate Guide to NFT-Fi
- πΊ You're Not Bullish Enough on NFTs with Punk6529
- πΊOpensea & The Business of NFTs with Devin Finzer
- πΊBuilding the Metaverse with Celestiaβs Nick White
- πΊ How NFTs Can Empower Communities with Randi Zuckerberg
NFT tactics:
- π5 tips to spot the next big NFT
- πHow to sweep NFT floors
- πHow to get started with music NFTs
- πHow to fractionalize NFTs
- πHow to approach the generative art boom
- πHow to make money on digital art
- πHow to make money using Opensea
- πHow to make money with digital art on Rarible
- πHow to get exposure to CryptoPunks
- πHow to get a loan on your NFT
- πHow to value NFTs
- πΊHow to build a bluechip NFT with Doodles Founder Jordan Castro
5. Blockchain Gaming & Collectibles
For everything about games being built on the blockchain:
- πPlay to Earn is the Future of Gaming
- πThe Promises of Blockchain Gaming
- πHow to make money playing fantasy football
- πHow to make money in crypto gaming π
- πHow to make bank flipping crypto collectibles
- πHow much do crypto gamers make?
- πΊWeb3 Gaming 101 | Amy Wu
- πΊThe Bull Case for TreasureDAO
- πΊWhy gamers wonβt hate NFTs forever | Justin Kan
- πΊWhatβs real about crypto gaming | Ryan Wyatt
- πΊBehind Axie Infinityβs Engine | Jiho
- πΊThe Emerging Metaverse | Sam Englebardt & Richard Kim
6. Layer-2 Rollups
What are Layer-2 rollups and how are they scaling blockchains?
- πWhy Layer 2s are the future
- πThe Layer 2 Token Endgame
- πA Beginnerβs Guide to StarkNet
- πΊSuper Scaling with StarkWare
- πA Beginner's Guide to Optimism
- πΊAn Arbitrum Ecosystem Guide
- πThe best comparison on zkRollups today
- πBuilding Back Better with OP Stack
- πΊThe zkEVM is here | zkSyncβs Steve Newcomb
- πΊThe zkEVM is here | Alex Gluchowski
- πWhen DeFi meets rollups
- ποΈ Can Rollups Save Humanity? Optimism Says Yes.
- ποΈ Building DeFi on Layer 2 | Synthetix, Loopring, Immutable
Layer-2 Rollups tactics:
- π5 Opportunities on Arbitrum right now
- πBest Yields on Layer 2 | Q1 2022
- πThe best ways to invest in Layer 2
- πHow to hop between chains
- πHow to use zkSync
- πHow to use StarkWare Layer 2s
- πHow to get ready for L2 tokens
- πHow to avoid gas fees with Loopring
7. Decentralized Autonomous Organizations (DAOs) and Governance
DAOs will change the future of work. What are these new modes of organizations?
- πThe Ultimate DAO Report
- πWhy DAOs are the new firms
- πThe Future of Work
- πWhatβs a SubDAO?
- πThe Internet of Jobs is Coming
- πDAOs are the Opportunity of a Lifetime
- πDecentralizing capital flows for DAOs
- ποΈHow DAOs Will Change Everything
- πΊGitcoin DAO with Kevin Owocki
DAO tactics:
- πHow to join a DAO
- πHow to get paid by DAOs
- πHow to build your on-chain resume
- πYour wallet is your resume
- π5 ways to earn by working for protocols
- πHow to start a Moloch DAO
Metagovernance:
- πUltimate Guide to Metagovernance
- πWTF are veTokens
- πHow to take a DeFi governance bribe
- πΊThe Curve Wars
Bankless DAO:
8. How to trade crypto?
While you learn the key concepts take time to level-up on the key skills so you can do things in the Bankless money systemβpay, lend, borrow, earn, trade, and invest.
Basics
- πHow to Onramp to Crypto without a CEX
- πHow to dollar-cost average into crypto
- πHow to make Decade Wealth in crypto
- ποΈ The Peopleβs Narrative | Ben Hunt
- πΊHow Kevin Rose Invests in Web3
- πΊTimeless Wisdom for Crypto Investors | Jim O'Shaughnessy
- πΊInvesting in Waves with Chris Burniske
Beginner Investing (how to structure your portfolio?):
- πHow to ape responsibly (March 2022)
- πThe best barbell strategy for crypto natives
- πPick a time horizon
- πHow to build a portfolio like a crypto native
- πDetermine your risk tolerance
- ποΈInvesting in DeFi Paradigms | Charlies Noyes
Token valuation
- πHow to Value NFT Fundamentals
- πA Framework for Evaluating Layer 1s
- πHow to read on-chain data part 1 and part 2
- πToken metrics you should know when valuing DeFi tokens
- πHow to think about crypto P/E
- πHow to value crypto capital assets?
- πCash flow tokens 101
- πA framework for token value flows
Classic How-To Tactics Tutorials
Pay & Receive:
- πHow to get a crypto Visa
- πHow to accept crypto payments
- πHow to bank your business without a bank & multisig wallets 101
Lend & Borrow:
- πLending crypto to institutions with Maple Finance
- πHow to take out an interest-free loan with Liquity
- πHow to take out self-repaying loans with Alchemix
- πHow to get a DAI savings account and open a loan on Maker
- πHow to margin trade without a brokerage using dYdX
- πHow to create your own Balancer pool and use Balancer V2
- πHow to open an unsecured loan with Teller
- πΊHow to lend on Aave with Argent
- πΊHow to become a Uniswap LP with Argent
Earn:
- πHow to Earn More Trading Fees on Uniswap
- πHow to maximize your ETH staking yields
- πHow to Earn Passive Yield on Your NFTs
- πHow to go leveraged long on ETH
- π5 ways to earn fixed-rate yields on DeFi
- πHow to earn high yields on BTC
- πHow to make money on Synthetix
- πHow to tokenize yourself π
- πHow to make money trading stablecoins when theyβre off their peg
Staking:
- πIs custodial staking bad for Ethereum?
- πHow to stake any amount of ETH with liquid staking
- πThe Future Of Liquid Staking
- πΊETH Staking Panel with Coinbase, Lido, Rocket Pool
Structured financial products
- πOnchain-ing Everything with RWAs
- πUltimate Guide to Undercollateralized Lending in DeFi
- πThe Perks of Decentralized Perps
- πHow to buy tokenized gold
- πA Guide to Options on Lyra
- πHow to earn fixed yield on Barnbridge
- πA Guide to earning on dYdX
- πA Guide to Fixed Income on Element
- πUsing automated options strategies with Ribbon Finance
- πHow to leverage funding rates on perpetuals to earn yield
- πAdvanced option strategies with Opyn
- πHow to trade ETH and BTC perpetuals on dYdX (πΊ Video)
Betting
- πHow to bet on DeFi with Polymarket
- πHow to bet on DeFi with Augur v2
- πΊHow to play PoolTogether in Argent
Hedge and assess your risks:
- πAssess risk of lending to a protocol π
- πThe only USD you own is cash
- πThe final settlement layer
- π3 things DeFi can learn from the financial crisis π
- πHow to protect your ETH with Opyn
- πHow to protect against hacks with Nexus Mutual
- πHow to Protect Against Stablecoin Blowups with Y2K Finance
9. Security and Privacy
Wallets & Addresses:
- πHow to Prevent Crypto Wallet Hacks
- πHow to take custody of your crypto keys
- πTop 10 Best Browser Crypto Wallets
- How To Setup a Ledger Wallet
- How to Back Up and Store Your Ledger
- How to Add & Swap Assets with Your Ledger
- How to Stake with Your Ledger
- How to Use DeFi & NFTs with Your Ledger
- πHow to use a Lattice1 hardware wallet
- πHow to get your first DeFi wallet
- πHow to manage your wallet like a pro
- πHow to maximize your ENS domain
- πHow to use your .com as an ETH address
- ποΈDeFi's Mainstream Wallet (Argent) | Itamar Lesuisse
- πΊAMA with Ledger | Charles Hamel
Privacy:
- π5 Tips to Maintain Your Crypto Privacy
- πHow to Use DeFi Privately π΅οΈ
- πHow to send private payments on Ethereum
- πHow to use crypto without doxing yourself
- πHow to stay private in DeFi with Email
- πHow to keep your ETH address from privacy cavities
10. How to do crypto taxes
Break down the complexity of doing your taxes:
- Tax tracking: CoinTracking (advanced) or TokenTax (good DeFi support)
- Retirement account: RocketDollar (self-directed IRAs and 401ks)
- πThe Ultimate Crypto Tax Guide
- πHow to do crypto taxes for the lazy
- πHow to do DeFi taxes
- πTax shelter your crypto in an IRA
- πHow to record your crypto for taxes
- πHow to set up a crypto 401k for your side hustle
11. Getting a Job in Crypto
Check out the best jobs in crypto and DeFi on the Bankless Jobs Board!
- π5 Steps to Starting Your Crypto Career
- πHow to get a job in crypto
- πΊGet a job in crypto
- πΊHow to start coding in Web3 with Austin Griffith
12. Public Policy and Regulation
Cryptoβs fight against central banks and regulation:
- πCrypto is winning over the regulators
- πWhy CBDCs Are Not Your Friend
- πThe rise of protocol politicians and the life of a protocol politician
- πΊIs the Fed Corrupt? with Christopher Leonard
- πΊThe SEC Declares War on Crypto
- πΊEU Markets in Crypto-Assets (MiCA) | Seth Hertlein, Patrick Hansen, & Rebecca Rettig
- πΊChinaβs Digital Currency Revolution | Richard Turrin
- πΊEl Salvador Adopting Bitcoin | Nic Carter
- πΊCrypto in Ukraine with Ukraine Deputy Minister
- πΊWeb3 Lobbying | Andrew Yang
- πΊCrypto in Washington | Congressman Tom Emmer
- πΊGetting Crypto into Congress | Aarika Rhodes
- πΊThe Future of Coinbase | Brian Armstrong
- πΊCrypto is now a political movement
- πΊThe State of Crypto Regulation | Jake Chervinsky
- πΊThe SEC and DeFi | Hester Peirce
13. The Big Picture (Essential Editorials)
Paradigms:
Ethereum & Bitcoin are Digital Nations
- πA Bankless Nation (Part 1) and Part 2
- πThe Three Nation Problem
- πThe Digital Leviathan
- πΊBlockchains are Cities | Haseeb Qureshi
Economic bandwidth explains why ETH & BTC are irreplaceable as money
- πETH and BTC are economic bandwidth
- πThe trillion dollar case for ETH π₯
- πETH is irreplaceable
- ποΈEconomic Bandwidth
- πΊDoes Decentralization Matter w/ Owocki & Turley
Protocol Sink Thesis explains why DeFi will win
- πThe Great Protocol Sink
- πGlobal Public Goods and the Protocol Sink Thesis
- ποΈThe Protocol Sink Thesis
- πΊSettlement Assurances & the Protocol Sink Thesis
Crypto eating traditional finance:
- π 5 ways crypto is like early Visa
- πEthereum will eat Wall Streetβs settlement layer π₯
- πDecentralizing the global credit system | Jason Jones
Scaling Ethereum: