DeFi Explained | What is DeFi? | Decentralized Finance Crypto 2022

DeFi Explained | What is DeFi? | Decentralized Finance Crypto 2022

DeFi (or “decentralized finance”) is an umbrella term for financial services on public blockchains, primarily Ethereum. With DeFi, you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more — but it’s faster and doesn’t require paperwork or a third party. As with crypto generally, DeFi is global, peer-to-peer, pseudonymous, and open to all.

DeFi Video Part Two - Coming Soon!

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0:00 Intro
0:30 What is DeFi (Decentralized Finance)?
2:05 How does DeFi work?
2:52 What can you do with DeFi?
3:32 How do people make money using DeFi?
4:10 Advantages of DeFi
4:50 Disadvantages of DeFi
5:17 Risks involved with Decentralised finance?
6:25 Future of DeFi?

#Fintech, #DeFi, #Dapp, #Finance

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