How to connect to DeFi platforms?

You can work with cryptocurrency not only on centralized exchanges, but also on decentralized platforms. A list of such platforms is available on the website defillama.com. This is the largest information aggregator of DeFi protocols – decentralized finance.

In order to send cryptocurrency for staking, pharming, or carry out any other operations on a DEX, that is, a decentralized exchange, you need to connect your crypto wallet #Tangem #Wallet to it.

This can be done through protocol #WalletConnect .

With it, we can easily connect to any DeFi applications.

In order to connect to any decentralized platform:

– We go to the website of the site we are interested in, for example, #PancakeSwap .

– Find the button to connect to the wallet – “Connect” or “Connect Wallet” and click on it.

– In the window that opens, select “Wallet Connect” and click the “Connect” button. We will be transferred to the Tangem application.

– We attach the Tangem card to the phone.

– Enter the “Access Code”, if necessary.

– And click the “Start” button to confirm the connection to the platform.

Now we can work with our crypto assets on one of the largest decentralized exchanges, Pancake Swap, where you can exchange coins and tokens, stake, farm, trade #NFT .

Once you have completed all the transactions you need on the decentralized platform, be sure to disconnect your Tangem Wallet by clicking the “Disconnect” button.

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More details: YouTube.com/@crypto4beginners