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The background, in six pieces.

Nothing here is specific to one protocol. These are the ideas you need before judging any fixed-yield product, written to be read once and then put down.

  1. 01

    What DeFi is, and what it is not

    Decentralised finance means the rules of a financial product live in a public program rather than inside a company. That is a genuine change, and it is smaller than the word usually implies.
  2. 02

    What a stablecoin is holding up

    A stablecoin is a token that is supposed to be worth one dollar. Everything interesting about it is in the word "supposed".
  3. 03

    Impermanent loss, in plain terms

    The name is bad: the loss is real and frequently permanent. What it describes is the gap between providing liquidity and simply holding the two assets.
  4. 04

    What an audit is worth

    An audit is a code review with a method and a report. Treating it as a seal of safety is the most common mistake in this market, and the report usually says so itself.
  5. 05

    What a transaction costs here

    Every action on chain costs gas, paid in BNB rather than in the token you are moving. On BNB Smart Chain the amounts are small, which is not the same as irrelevant.
  6. 06

    A wallet ready for BNB Smart Chain

    Three things have to be true before a first deposit: the right network, the right token, and a little BNB to pay with. The rest is habit.
Each article ends by naming what it changes about reading TurboLoop, so the knowledge lands somewhere rather than staying abstract.