A Beginner’s Guide From Decentralized Masters On Decentralized Finance (DeFi)
Decentralized Finance (DeFi) is revolutionizing the way that the financial world works by removing the need for traditional intermediaries like banks. The following guide will help provide an overview to get started with DeFi.
What is DeFi?
DeFi refers to a system of financial services built on blockchain technology, primarily Ethereum. It enables users to perform activities like lending, borrowing, trading, and saving—without relying on banks or other centralized institutions. Transactions are executed via smart contracts, which are self-executing codes that automate processes.