In this video, I provide a beginner’s guide to DeFi (decentralized finance), which is also known as “open finance” or “permission-less finance.”
DeFi is an attempt to rebuild the traditional financial system using software protocols that are built on top of the Ethereum network. The goal of DeFi is to have a completely decentralized, open source, uncensorable, permission-less financial system that is available to everyone– and beyond the greedy reach of governments and central banks.
Major DeFi protocols (“money legos”) include:
Not investment advice! Consult a financial adviser.
How much ETH is locked up in DeFi:
Cryptos by market cap:
Matthew Kratter is the author of the Amazon best-seller “A Beginner’s Guide to the Stock Market”:
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