What is DeFi ? What is the buzz about DeFi ?
Update: 2022-01-26
Description
The term "DeFi" (or "decentralized finance") is a broad term that refers to financial services offered on public blockchains, particularly Ethereum. With DeFi, it is possible to do all the things banks provide, such as earn interest, lend, and borrow to purchase insurance and trade instruments, derivatives, and many more. But it's much faster and doesn't need documents or a third party. Similar to crypto generally, DeFi is global, peer-to-peer (meaning directly between two parties and not governed by an uncentralized system) as well as pseudonymous and accessible to everyone.
This episode is also available as a blog post: https://anynft.in/2022/01/26/what-is-defi-what-is-the-buzz-about-defi/
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