design by @roseri

We continue with the study of decentralized finance with professor @ yhoan2on, this time delving into the immersive currents of this DeFi ecosystem.

Introdution

In the second part of the class on decentralized finance, we learned relevant terms that help us better understand the benefits of this financial services ecosystem on the blockchain.

I will tell you some benefits of DeFi:

• Open, free and transparent and with easy access to your financial services.
• Users have complete control over their assets.
• Decentralization-based application interoperability within blockchains, which could lead to the emergence of entirely new types of financial markets, products, and services.
• DeFi applications do not need intermediaries or courts for dispute resolution.
• Loan operations without intermediaries (DEX)
• Money is stored in stable coins (DAI) and self-managed DeFi wed3 wallets.

In order to enjoy the benefits that decentralized finance offers us, it is necessary to have a DeFi wed3 wallet.

We are going to know the Coinbase wallet for having features that integrate very well with most of the DeFi financial services.

Wallet Coinbase

Coinbase is a cryptocurrency exchange and also provides wallet storage services for various currencies, such as: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) medium.com

Coinbase Wallet integrates support for decentralized financial protocols (DeFi) in its wallet application, such as the DApp browser that allows users to interact with web3 applications . No third party is required to connect with decentralized applications like Compound.

The first thing we must do to obtain our wallet is to register at coinbase.com

Registration on the platform has no difficulty and only takes 2 minutes. Open the home page of the site. Click the "Start" button in the upper right corner. Enter your first and last name, email address, and enter a password.
Read the service rules and check the confirmation box. Tap the "Create Account" button.

Go to your mailbox specified during registration and click on the link in the registration confirmation.

After this step you must enter your phone number where you will receive a confirmation code to complete the registration.
To have all Coinbase services it is necessary to verify your account with the following information:

passport / driver's license / national identification; any document to confirm the registration address.

You should note that some countries do not accept verification, you need to verify Coinbase partner countries.

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Access your Coinbase wallet:

Click on the wallet icon on the left side. There is a separate repository for each digital asset. By clicking on the designation of one of the currencies, you can enter a separate wallet of this cryptocurrency.

Let's take a look at the wallet interface using Bitcoin as an example. Tapping its icon will open the "Wallet" subsection page.
In this section you can access a safe where you can safeguard your coins, the value of the bictoin with respect to the currency of your country also appears in the "detailed view" icon.

How to recharge your wallet?
To start making transactions you must receive or buy BTC.

In the wallet section, tap the "Get" button. A window will open where the wallet address and the QR code will be indicated.
Use the code or address to send coins from any wallet, exchangers or.

Currently in the country where I reside, which is Brazil, I cannot operate with bitcoin in the Coinbase wallet, in this section it specifies it to me.

If you are from Coinbase partner countries, you will have no problem using your wallet.

In the Wed 3.0 version of the coinbase wallet, you will have easier access to the dapps, however also from the platform you will be able to obtain information about the available dapps as well as being able to operate with them from its integrated wallwt. An example is Copound, which as we know is a DeFi protocol that allows anyone to borrow or earn interest with their cryptocurrencies, since coinbase can operate.

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The images are captures taken by me from the Coinbase platform

I hope I have successfully completed the task.