Unit 4 · Level 3 · Crypto Deep-Dive
Boss: Crypto native
CEX/DEX mechanics, stablecoin plumbing, yield forensics, narrative cycles. Pass this and you speak fluent crypto, with the skepticism that keeps fluency profitable.
Free to play. No ads, no token, no account needed to start.
What you get asked
A friend wants to move ALL funds to a DEX 'because not your keys'. Your nuanced answer?
But DEX trading adds slippage, scam-token and user-error risks; sequence it, size it, learn it gradually. Every custody model trades one risk for another. Wisdom is knowing WHICH risks you're holding, not pretending any option deletes them all.
Before touching any yield product, demand an answer to: where does the yield ___ from?
Fees, borrowers, security work = real. 'Tokens we print' = dilution. Silence = run.
Order the crypto-native due diligence for a hot new token
Story → supply → liquidity → risk. Four steps that filter out most future regrets in about five minutes.
FINAL. The deepest difference between a crypto tourist and a crypto native?
BEFORE money moves. CRYPTO NATIVE CERTIFIED! 🏆🪙 One deep-dive left in League 3, the stocks track, and then the league is yours. Formi tips an imaginary cowboy hat. 🐜🤠
The rest of this unit
CEX vs DEX, stablecoins, yield forensics, and narrative cycles: fluent crypto, kept skeptical.