The Fantom Foundation kicked off the new month with an exciting announcement, sharing with its community that its own CMO, Simone Pomposi, would be joining CoinStats in organizing DeFi Literacy Month. October will be the month of learning and education as both projects strongly believe that DeFi is the future and that it is important for community members to learn about it and its potential.
Did someone say #DeFi?
Fantom CMO @theotherpomp will be joining @CoinStats tomorrow to launch their DeFi Literacy Month! #CoinStats supports wallet tracking of $FTM tokens and assets. Users can track their LPs + holdings within the #Fantom DeFi ecosystem. https://t.co/bbjjIQySXM https://t.co/6KYd2jHZMf
— Fantom Foundation (@FantomFDN) October 3,
CoinStats, which offers crypto users to manage their crypto accounts collectively and from one place, already has well over 1 million customers. Many of them are already DeFi users, but the platform believes that DeFi will continue to grow and expand and that it is therefore the future of blockchain technology.
As such, it seeks to turn October into a DeFi literature month, sharing exclusive DeFi content such as Twitter Spaces with experts, articles explaining finer details of the topic, and the like.
We’re turning this October into DeFi Literacy Month 🧑🎓
Why? Because #DeFi IS the future.
We share exclusive DeFi content with you: articles, Twitter Spaces with experts and much more.
Learn more: https://t.co/nNMzyzxa4M pic.twitter.com/EduCVr0RF6
— CoinStats (@coinstats) October 3, 2022
Why learn DeFi?
The platform has created a page explaining why it is important to learn DeFi and stressing that this sector of the crypto industry may offer remarkable financial freedom in the near future. In fact, there have already been reports of unbanked and unbanked individuals from around the world transforming their lives and opening up new opportunities thanks to the availability and openness of the DeFi sector.
Companies like Fantom and CoinStats believe that more education and knowledge on the subject could increase this potential even further and help transform the lives of countless other people.
Many in the crypto industry have already recognized the potential of DeFi, which is why a lot of money has already been invested in it despite the fact that prices have been falling for almost a year. For example, the DeFi TVL is currently at $38 billion, a figure that has increased fourfold since July 2020, when DeFi first exploded.
Over the past four years, global spending on blockchain has also increased more than sevenfold, in part thanks to this technology.
What will users learn during the event?
As mentioned, the event will last throughout the month, and the first week will educate users on the basics of DeFi, including discussions on protocols, the potential, the risks, and the like. However, the second week will allow users to master DeFi swapping and learn more about AMMs, Layer 2 and other more complex affairs of the sector.
However, week 3 will take users to the next level by teaching them about Yield Farming, DeFi Earn, the Composite Effect and more. Finally, as the month draws to a close, week four will educate users about DEX, DAO, and REKT in DeFi, preparing them to take off on their own, join communities, and get involved in shaping the future for all projects that support it do you care.
To learn more about Fantom, visit our Investing in Fantom guide.
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