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How to Kickstart Career in Defi - 101Blockchains

Decentralized finance or DeFi is the next step for our finance sectors. Check this presentation of 101Blockchains & learn how you can kickstart a career in DeFi.

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How to Kickstart Career in Defi - 101Blockchains

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  1. HOWTOKICKSTART CAREERINDEFI? 101blockchains.com

  2. Whatis Decentralized Finance? Decentralized Finance is a system that offers financial functionalities like traditional finance institutions; however, it does not have any centralized authority overlooking it. Typically, these solutions use public blockchain platforms to develop their projects; however, there are also financial products based on private blockchain platforms.

  3. TheGrowth ofDeFi Decentralized Finance has been growing exponentially since the introduction of blockchain. It’s a crucial part of the blockchain ecosystem. DeFi also offers now a lot of opportunities for career buildup, specifically for developers. Also, many governments, traders, investors are now utilizing blockchain technology to truly decentralize the finance sector.

  4. WhatDoYouHavetoDoinDeFiJobs? DeFi developers mostly need to work on smart contract-based projects. Smart contracts are a huge part of any decentralized finance ecosystem. Other responsibilities include developing decentralized applications with a high level of security along with managing a full project. Ethereum developers are expected to test out and deliver the end products complying with every requirement by the client.

  5. SkillsRequiredforDeFiDeveloper Item 1 30% Understand Front-End Development Be An Expert of Smart Contracts Item 2 Item 1 95% 5% Item 2 70% 35% Master Web 3.0 Applications Development Analyze Risk Factors and Offer Fast Solutions 10% 90% 40% 65% Use Development Tools Efficiently Hone Your Strategy Thinking 15% 85% 45% 60% Have An Engineering Background With A Finance Degree 20% Manage Defi Projects 80% 45% 55% 20% Get A Certification on DeFi Have A Working Experience 80% 55%

  6. Understand Front-End Development Most of the DeFi based projects will require you to develop various web- based products. Without proper knowledge of front-end web development, you won’t be able to offer full support to your client. Thus, most job requirements want individuals with front-end development skills.

  7. BeAnExpert ofSmart Contracts Smart contracts are an extremely crucial part of the DeFi ecosystem. As financial activities include a lot of contractual agreements, it’s only beneficial to use smart contracts for that. So, make sure you understand how smart contracts work and how these are implemented. Practice more often to master the skill of developing a smart contract without any flaws.

  8. AnalyzeRiskFactors andOfferFast Solutions Financial products need to be properly secured to avoid any kind of cyber- attacks. As DeFi deals with monetary elements, it’s essential that every single product gets thoroughly checked before the final launch. You need to study how to assess possible risk factors and offer fast solutions in terms of crisis. It will benefit you highly in your career in DeFi.

  9. MasterWeb3.0 Applications Development Web 3.0 applications are also a part of decentralized Finance. There are many well-known applications already in development. You can use their whitepapers to learn about their architecture and how they work. Make sure to fully understand the logic behind the infrastructures as it will help you become a master of web 3.0 application development.

  10. Use Development ToolsEfficiently There are many blockchain tools that help developers to commit to their deadlines perfectly. These tools are also helpful in saving time and resources as they make the development process easier. So, make sure to learn how to use blockchain development tools properly. You can start with popular tools such as Ganache, Drizzle, MetaMask, Blockchain Testnet, etc.

  11. HoneYour Strategic Thinking In your DeFi career, you will not only handle the technical aspect of projects but also manage any strategical aspect. You need to come up with solid financial strategies that will ensure the success of the DeFi projects. So, study the existing market and projects available to understand how these are targeted for the consumers.

  12. HaveAnEngineering BackgroundWithA FinanceDegree Without a proper institutional degree, it might be hard to develop a lucrative career in DeFi. Most hiring companies ask for at least an engineering background with a finance degree. Sometimes, you may need an additional degree in business.

  13. ManageDefi Projects You need to have managerial skills in order to fully steer a DeFi project from the start to the very end. In an enterprise environment, you will be working with a team, and you may need to coordinate their tasks properly in order to meet up the requirements and deadlines. So, make sure your cross- discipline broad skills are top-notch.

  14. HaveAWorking Experience Having previous experience in blockchain or financial companies can help you greatly in landing a good job. You can take up an internship in promising companies to learn about the development process of a blockchain- based project. By seeing and experiencing firsthand, you can offer more expertise to your hiring company.

  15. GetACertification onDeFi Getting certification on DeFi can surely help you out in developing a great career. There are many educational platforms that offer decentralized finance courses. Getting a certification from a non- reputable source will not help with your career. You need to be selective and select only the high-end training platforms for getting your certification.

  16. SpecificSkillRequirements Solidity Expert Knowledge of ERC Token Standards

  17. SolidityExpert It’s one of the most important requirements. Solidity is essential to DeFi project development as this programming language is used in developing smart contracts. Js ( ) Therefore, a master of Solidity programming language is essential in enriching your resume. { } </>

  18. Knowledgeof ERCToken Standards Most of the decentralized finance applications use the Ethereum blockchain. Therefore, it’s essential to understand how ERC token standards work. Start with ERC-20 token standards as it’s one of the most popular and used token standards within the blockchain ecosystem.

  19. KnowtheValue ofBusiness You need to have practical knowledge in developing DeFi based projects; however, it’s not wise to take on any type of project. You need to choose your project wisely in order to get a fruitful result. Before taking on any project, try to estimate the value in terms of business perspective. Make sure to assess the risks and predict the possible outcomes it might bring.

  20. LearnMoreAboutDeFi Introduction to DeFi Course Blockchain in Finance Masterclass https://academy.101blockchains.com/courses /defi-course https://academy.101blockchains.com/courses /blockchain-in-finance Enterprise Blockchains and Trade Finance Course Central Bank Digital Currency (CBDC) Masterclass https://academy.101blockchains.com/courses /central-bank-digital-currency https://academy.101blockchains.com/courses/e nterprise-blockchains-and-trade-finance

  21. 101BlockchainsCertifications Certified Enterprise Blockchain Professional Certified Enterprise Blockchain Architect Certified Blockchain Security Expert https://academy.101blockchains.com/ courses/blockchain-expert- certification https://academy.101blockchains.com/cour ses/certified-enterprise-blockchain- architect https://academy.101blockchains.com/cours es/certified-blockchain-security-expert

  22. WhyYouMustGoWith101Blockchains CertificationCourses? Various Training Strategies for Faster Learning High-Quality Research Information First-class Training Content Tangible Proof of Course Completion Interactive Exercises Weekly Hands-on Assignments Flexible Learning Using Modular Approach Professional Instructors Access to Bonus Training Materials Premium Support

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  25. ThankYou © 2021 101 Blockchains. All rights reserved. This document may not be distributed, transmitted or reproduced in any form or by any means without 101 Blockchains’ prior written permission. While the information contained in this document has been obtained from sources believed to be reliable, 101 Blockchains disclaims all warranties as to the completeness or accuracy. Although 101 Blockchains research may address business, financial, investment and legal issues, 101 Blockchains does not provide any business, financial, legal or investment advice and this document should not be construed or used as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this publication.

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