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Introduction to DeFi: A Broad Overview
A Beginner's Guide to Decentralized Finance (DeFi)
By Sid Coelho-Prabhu Cryptocurrency's promise is to make money and payments universally accessible- to anyone, no matter where they are in the world. The Decentralized Finance (DeFi) or Open Finance movement takes that promise a step further.
What can you do in DeFi?
- Ape into low-cap coins that aren't yet listed on a CEX
- Earn interest on stablecoins @ 20%+
- Access 0% APR loans instantly
- Access loans without liquidation risk
- Borrow against interest-bearing assets
- Participate in new token launches
- Stake your crypto to help secure the network & earn yield
- Use derivatives like options, futures, etc
- Trade and farm synthetic stocks
- Get insurance
- And more
Why DeFi is so important to understand
What are some the pros and cons of DeFi compared to TradFi?
Pros and Cons of Decentralized Finance (DeFi)
Decentralized finance has a profound influence on the way banks operate and introduce shifts in the general financial ecosystem. At present, there are many contradictory views regarding decentralized finance for the right reasons. Some perceive DeFi as a revolution, while others think of it as an opportunity, and then there are people who find it as a scam.
The evolution of finance: Traditional Finance (TradFi) vs Centralised Finance (CeFi) vs Decentralised Finance (DeFi)
Many have asked, what is the difference between traditional, centralized and decentralized finance? And if DeFi just a fad or here to stay? In today's digital age, new technology and innovation have enabled new and more efficient solutions and processes for old existing services.
Decentralized Finance vs. Traditional Finance: What You Need To Know
Decentralized Finance vs. Traditional Finance: What You Need To Know Decentralized finance (DeFi) is an emerging industry that promises to revolutionize the traditional finance sector. The need for an open, transparent, and secure financial system is the key driver behind the decentralized finance vs.
How Can I Get Started With DeFi
First, learn how to protect your assets and make sure you understand security
Next, understand some of the basic concepts:
Then you can explore more advanced ways of earning yield through DeFi