Protocols and DeFi
AboutProtocols and DeFiFrequently Asked Questions and Answers.
3 questionsWhat should I look at before interacting with a protocol?
It is recommended to first confirm the official contract address, scope of authority, asset flow, fees, exit path and protocol risks. Do not make decisions based solely on the rate of return or interface prompts.
How to understand liquidity, fees and exit paths?
Check the official documentation for liquidity instructions, fee rules, and conditions for redemption or withdrawal before interacting. Confirm how assets flow in and out and whether there are waiting times or other restrictions.
How to confirm the official contract address?
Find the contract address corresponding to the target network from the official website or official documents of the protocol, and then check it with the interactive address in the wallet. Don’t base your judgment solely on names, search results, or links provided by strangers.