How to Get Started with ICON’s DeFi Ecosystem?

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Hey guys… :wave:

I am new to the ICON network and really excited about its potential, especially in the DeFi space. I have done some research and understand that ICON is focusing on interoperability and building a robust DeFi ecosystem, but I still have a few questions before diving in.

Firstly, can someone explain the best way to get started with ICON’s DeFi offerings? Are there specific platforms or applications that you would recommend for a beginner? I’m particularly interested in understanding how to access various DeFi protocols and what the best practices are for managing my assets securely.

Additionally, I have heard about the importance of staking within the ICON network. How does staking work, and what are the benefits? Are there any specific validators that are well-regarded in the community for staking rewards?

I also check this: https://forum.icon.community/t/iconex-wallet-vital-for-the-icon-ecosystemendix But I have not found any solution. Could anyone guide me about this? Lastly, if there are any tutorials or resources that you think would be helpful for someone new to the ecosystem, I would greatly appreciate your recommendations.

Thank you in advance for your help!

Respected community member! :smiling_face_with_three_hearts:

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For getting started with ICON’s DeFi offerings, Balanced is the flagship decentralized exchange (DEX) and lending platform.

By staking ICX, you can earn rewards and participate in governance. You can choose a validator (P-Rep) based on their performance and reputation within the community. You can go deeper here:

As for ICONex, it’s currently being rolled down for Hana, a more modern product. Check here:

If you haven’t already check ICON’s discord where there is active official and community support.