7 Expert Tips for Maximizing Your Earnings on the Divi DeFi Platform

January 13, 2023

Divi DeFi is a revolutionary platform. To help you get the most out of your investments, we've compiled a list of essential tips and suggestions to keep you safe and maximize your profits.

We have compiled a list of ideas to position yourself for success when interacting with the new innovative Divi DeFi platform. This list is not necessarily exhaustive, but it's an excellent resource for anyone dealing with DeFi, dApps, and this rapidly evolving space. Without further ado, please see the list below:

The Divi DeFi platform is built on the Ethereum blockchain, which means that you will need to pay gas fees in ETH to interact with this web dApp. Gas fees are a small amount of ETH you must pay to the network to process your transactions. If you don't have any ETH in your wallet, you won't be able to pay these fees, and you won't be able to use the DeFi apps.

Similar to the above, if you contribute every last bit of Ethereum to your ETH/DIVI(ERC-20) liquidity position, you will need more ETH for transaction fees involved with exiting your position. Pay attention when depositing your liquidity that you leave roughly $10+ equivalent in your wallet at all times. Some might refer to this as dust, but it can sometimes be a lifesaver.

There are a few reasons to send test deposits in DeFi:

Overall, sending test deposits is an excellent way to ensure everything works as it should when you use dApps. It helps you avoid mistakes or issues when using new and different dApps.

Again, there are several reasons to review transactions before signing:

Reviewing your transactions before you sign them is a crucial step when using any DeFi app, as it can help you avoid mistakes, protect yourself from scams, and understand what you are agreeing to.

There are several risks involved when it comes to checking websites.

Double-checking the website address is a critical step when using any DeFi app, as it can help you avoid phishing attacks, scams, and mistyping errors.

To help you, we have included a helpful list of links you can cross-reference when viewing other sources.

Unlike layer-1 Divi, where you can "set it and forget it," DeFi and the Divi DeFi platform are slightly different. We outlined this in the previous articles, but here we have some additional considerations to bring up.

Overall, checking your wallet regularly is an excellent way to stay on top of your DeFi activities and ensure that everything runs smoothly. With the Divi blockchain, much of this is automated to let you know when something is awry, but in DeFi, it is a different process, and you, the user, need to be accountable.

The Divi Project treats your safety and security as paramount. After reading this list of topics, we want you to feel more prepared and ready to be successful when you get access to the Divi DeFi platform. If you have questions beyond what we have covered, join us in Discord and ask away.

Next Up: Divi DeFi platform walkthrough