Understanding the foundations of DeFi
DeFi stands for Decentralized Finance. Right now, you probably use TradFi or traditional financial systems (AKA Centralized finance/CeFi or Legacy Finance) to do things with your money. Storing your funds in a checking account with a bank, using a card to access that money, and taking out loans are all services offered by TradFi banking institutions. DeFi is a new paradigm in managing money via internet protocols and giving people all over the world access to financial services. DeFi uses Cry...
Understanding the foundations of DeFi
DeFi stands for Decentralized Finance. Right now, you probably use TradFi or traditional financial systems (AKA Centralized finance/CeFi or Legacy Finance) to do things with your money. Storing your funds in a checking account with a bank, using a card to access that money, and taking out loans are all services offered by TradFi banking institutions. DeFi is a new paradigm in managing money via internet protocols and giving people all over the world access to financial services. DeFi uses Cry...
