DeFi is a way of using blockchain technology and smart contracts to create decentralized financial systems and services. The intent is to eradicate intermediaries like banks and brokers so that users can interact directly with the platforms and protocols. These applications are usually on public blockchains, like Ethereum, and provide many financial services, such as lending and borrowing, decentralized exchanges, stablecoins, yield farming, and more. DeFi projects are accessible to anyone with an internet connection without needing the approval or participation of centralized authorities.

ReFi (Refinancing):

ReFi, short for refinancing, is common in traditional banking and loans. It refers to replacing an existing financial arrangement with a new one to obtain better terms or interest rates. Refinancing is usually associated with mortgages, auto loans, or student loans. Its purpose is to help borrowers reduce interest rates, lower monthly payments, extend loan duration or modify other loan terms to better fit their financial situation. The process generally requires assessing the borrower’s creditworthiness and approving the new loan based on their financial history and current circumstances.

What is centralized finance?

CeFi is an approach within the cryptocurrency market to handle the purchase, sale and trading of cryptocurrency tokens through a central exchange

🔵#ALTCOIN = Any crypto currency other than bitcoin.

🔵#ASHDRAKED = A situation where you lost all your money.

🔵#BAGHOLDER = A person who buys and hold coins in large quantity hoping to make good profits in the future.

🔵#BEAR/BEARISH = Negative price movement

🔵#BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)

🔵#BULL/#BULLISH = Positive price movement

🔵#DILDO = Long green or red candles

🔵#DUMP = To Sell off a coin

🔵#DUMPING = Downward price movement

🔵#DYOR = Do Your Own Research

🔵#FA = Fundamental Analysis

🔵#FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's gonna pump more, so you buy high)

🔵#FUD = Fear Uncertainty & Doubt

🔵#HODL = Hold/Hold a position

🔵#JOMO = Joy Of Missing Out

🔵#LONG = Margin bull position

🔵#MCAP = Market Capitalization

🔵#MOON = Continuous upward movement of price

🔵#OTC = Over The Counter

🔵#PUMP = Upward price movement

🔵#SAJ #CANDLE = Huge green candle

🔵#SHITCOIN = A coin with no potential value or use

🔵#SHORT = Margin bear position

🔵#SWING = Zig zag price movement (Upwards and downwards)

🔵#TA = Technical Analysis

🔵#REKT = When you have a bad loss

🔵#REVERSE INDICATOR = Someone who is always wrong predicting price movements.

🔵#RSI = Relative Strength Index

🔵#WHALE = Very Wealthy trader/Market

=A record of ownership of an asset

Crypto has one feature that has never existed before?

=Trust

Which best describes web3?

=Read write &own