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DeFi Explained

By: Anoop Badedlu Suresh
Narrated by: Alec Nehlsen
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Publisher's Summary

DeFi has been driving a cryptocurrency resurgence since 2020 with no sign of stopping. But what is DeFi, and how does it work?

Decentralized finance (commonly referred to as DeFi) is a blockchain-based form of finance that does not rely on central financial intermediaries, such as brokerages or banks to offer traditional financial instruments.

Instead, it utilizes smart contracts on blockchains, the most common being Ethereum.

©2021 Anoop Badedlu Suresh (P)2021 Anoop Badedlu Suresh

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