DeFi Fundamentals

Core DeFi concepts: how DEXs work, liquidity pools, trade types, DLMMs, and liquidity provisioning.

What DeFi is, how smart contracts work, and basic terminology.

Spot swaps, limit orders, DCA orders, and concentrated liquidity.

How liquidity pools work, constant product vs concentrated, and impermanent loss.

Centralized vs decentralized exchanges: order books, custody, and tradeoffs.

Raydium, Orca, Meteora, and Jupiter on Solana.

How concentrated liquidity works on Solana with DLMMs and bins.

Compare different exchange mechanisms and their tradeoffs.

Earn fees by providing liquidity to DEX pools. Understand impermanent loss and fee math.