<aside>
HOME
<aside>
⭐️HODLMM Beginner’s Bootcamp (Self-Guided)
</aside>
<aside>
INSTRUCTOR VIEW
‣
‣
‣
‣
</aside>
</aside>
<aside>
Untitled
</aside>
https://www.youtube.com/watch?v=XJAQ1p5Du7Y&list=PLD-pM6ydts1sP-ZAZZ8ZogNLMlydiiqbX&index=2
<aside>
How to get a Stacks Wallet & Gas Fees
<aside>
Compatible Stacks Wallets
- XVerse Wallet
- Leather Wallet
- OKX Wallet
<aside>
Transaction Fees (Tx Gas)
1️⃣ You will need $STX for Transaction Fees (Gas Fees)
2️⃣ What are transaction fees?
- They are small amounts charged to process your transactions
- Similar to bank fees, but much smaller
- Necessary for all actions on Bitflow (swaps, adding liquidity, etc.)
3️⃣ How much STX do you need?
- Recommended minimum: 5 STX
- For the bootcamp: Enough for several practice transactions
- Note: During the bootcamp, we will provide STX for free, fill out the Google Form: [insert google form link]
</aside>
</aside>
<aside>
⭐️Key DeFi Terms
</aside>
<aside>
🔐 Essential Security Tips
<aside>
⚠️ NEVER do this:
- ❌ Share your seed phrase
- ❌ Type the seed phrase on unknown websites
- ❌ Take photos of the seed phrase
- ❌ Save the phrase on your computer/phone
</aside>
<aside>
✅ ALWAYS do this:
- ✅ Write the seed phrase on paper
- ✅ Store it in a physically secure location
- ✅ Verify addresses before transactions
- ✅ Use strong and unique passwords
- ✅ Test with small amounts first
</aside>
</aside>
<aside>
🔑 Key Things To Remember
<aside>
- Providing Liquidity is not staking
- Providing Liquidity is not trading
- Think of LP as a high volume, low margin business
- Expect most meme coins to go to zero – Learn to manage your risk
- Volume is key to fee generation
- Well-established long term tokens, such as project tokens and stable coins can be safer, but have a lower rate of return
</aside>
</aside>