Having discussed so many principles and risks, it's time to get hands-on practice. I firmly believe that no matter how much theory you learn, actually doing it yourself is the most effective way.
Here is my practical checklist for you:
**Step 1: Allocate your tuition fee.** Find some funds you can completely afford to lose—such as $100—and convert them into mainstream cryptocurrencies. If this money disappears, it won't affect your quality of life. This is crucial.
**Step 2: Prepare your wallet.** Configure your wallet according to requirements, add the relevant public chain networks, back up your mnemonic phrase, and reserve enough Gas fees. These details can be a bit tedious, but once set up, it saves trouble later.
**Step 3: Paper simulation.** Before officially entering the market, simulate on paper: how much you plan to stake, how much to borrow, which liquidity pool to choose, what liquidation price to set, and how often to check. Write these down to get a clear picture.
**Step 4: Start executing.** Open the platform and follow your plan step by step. Don't rush each step; review carefully before confirming. After completing one step, take a breath, then proceed.
**Step 5: Track and record.** Save the transaction hash. Over the next week, spend five minutes each day to check: how are the token prices moving, how much are your earnings, and how do they compare to your expectations?
**Step 6: Weekly review.** After seven days, ask yourself: Was this process more difficult than I imagined? Where did I get stuck? How is my mindset—was I emotionally affected? How do I feel about the earnings?
Remember, the goal of this first attempt is not to make big money but to **learn this method**. Just like learning to ride a bike, the primary goal is not to fall but to avoid injuries. Once you run the entire process with $100 and can calmly observe for a whole week, you've completed a transformation from nothing to something.
Low-risk arbitrage in DeFi is actually a skill that can be refined over years. It doesn't require you to stay glued to the screen all night nor drain your emotions continuously. It requires patience, execution, and a bit of exploratory courage.
Now, take a deep breath and go do your first attempt. Wishing you success and steady gains.
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ColdWalletGuardian
· 12h ago
100 yuan tuition fee, sounds good, but I'm afraid a slight shake of the hand could turn it into 1000 yuan...
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NotAFinancialAdvice
· 12h ago
100 yuan tuition fee, I like this idea. But the step of theoretical deduction on paper is easy to skip, and as soon as you get started, you begin to make chaotic moves.
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CryptoCrazyGF
· 12h ago
Paying 100 yuan for tuition sounds pretty good, but I'm just worried that once I get started, I'll end up working for the platform all the time, haha.
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CrashHotline
· 12h ago
That's right, talking about plans on paper is really useless. You have to get hands-on to find out where the pitfalls are.
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WhaleShadow
· 12h ago
Spend 100 yuan to practice, this idea is quite clear... Much more rational than those brothers who go all-in right away.
Having discussed so many principles and risks, it's time to get hands-on practice. I firmly believe that no matter how much theory you learn, actually doing it yourself is the most effective way.
Here is my practical checklist for you:
**Step 1: Allocate your tuition fee.** Find some funds you can completely afford to lose—such as $100—and convert them into mainstream cryptocurrencies. If this money disappears, it won't affect your quality of life. This is crucial.
**Step 2: Prepare your wallet.** Configure your wallet according to requirements, add the relevant public chain networks, back up your mnemonic phrase, and reserve enough Gas fees. These details can be a bit tedious, but once set up, it saves trouble later.
**Step 3: Paper simulation.** Before officially entering the market, simulate on paper: how much you plan to stake, how much to borrow, which liquidity pool to choose, what liquidation price to set, and how often to check. Write these down to get a clear picture.
**Step 4: Start executing.** Open the platform and follow your plan step by step. Don't rush each step; review carefully before confirming. After completing one step, take a breath, then proceed.
**Step 5: Track and record.** Save the transaction hash. Over the next week, spend five minutes each day to check: how are the token prices moving, how much are your earnings, and how do they compare to your expectations?
**Step 6: Weekly review.** After seven days, ask yourself: Was this process more difficult than I imagined? Where did I get stuck? How is my mindset—was I emotionally affected? How do I feel about the earnings?
Remember, the goal of this first attempt is not to make big money but to **learn this method**. Just like learning to ride a bike, the primary goal is not to fall but to avoid injuries. Once you run the entire process with $100 and can calmly observe for a whole week, you've completed a transformation from nothing to something.
Low-risk arbitrage in DeFi is actually a skill that can be refined over years. It doesn't require you to stay glued to the screen all night nor drain your emotions continuously. It requires patience, execution, and a bit of exploratory courage.
Now, take a deep breath and go do your first attempt. Wishing you success and steady gains.