What is DeFi? Beginner's Guide to Decentralized Finance

What is DeFi? Beginner's Guide to Decentralized Finance



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:
–MakerDAO
–Compound
–Uniswap

Not investment advice! Consult a financial adviser.

MakerDAO:
https://makerdao.com/en/

Compound:
https://compound.finance/

Uniswap:
https://uniswap.org/

How much ETH is locked up in DeFi:
https://defipulse.com/

Cryptos by market cap:
https://coinmarketcap.com/

Matthew Kratter is the author of the Amazon best-seller “A Beginner’s Guide to the Stock Market”:
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join

Use this secret coupon code to get a discount: YT99

#DeFi
#Ethereum

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

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