Warning: Invalid argument supplied for foreach() in /var/www/mpost.io/wp-content/themes/mercury/theme-parts/single/style-1.php on line 15

Warning: Invalid argument supplied for foreach() in /var/www/mpost.io/wp-content/themes/mercury/theme-parts/single/style-1.php on line 21
August 09, 2022

DeFi

DeFi

What is DeFi?

DeFi (or “decentralized finance”) refers to financial services provided on public blockchains, especially Ethereum.

Understanding DeFi

You can earn interest, borrow, lend, purchase insurance, trade derivatives, exchange assets, and more with DeFi, but it’s faster and doesn’t involve paperwork or a third party. DeFi, like crypto in general, is worldwide, peer-to-peer (meaning it is sent directly between two people rather than being routed through a centralized system), pseudonymous, and open to everybody.

DeFi extends on the basic notion of Bitcoindigital money — to create a full digital alternative to Wall Street without all of the related fees (think office towers, trading floors, banker salaries). This has the potential to build more open, free, and fair financial markets that anybody with an internet connection may access.

Read related articles:

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

More articles
Damir Yalalov
Damir Yalalov

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

Hot Stories
Join Our Newsletter.
Latest News

CGV Research: Telegram Open Network’s (TON) Technological Advancements and Future Prospects

TL;DR TON’s Past In 2018, founders of Telegram — the Durov brothers, began exploring blockchain solutions suitable ...

Know More

20 Most Underrated AI Startups in 2023: Ranked by Funding

AI remains a constant focal point for investors and entrepreneurs alike. While the spotlight often falls on ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Dall-E 3 vs. Midjourney: A Big Comparison of the Most Advanced AI Art Generators
AI Wiki Art Technology
Dall-E 3 vs. Midjourney: A Big Comparison of the Most Advanced AI Art Generators
October 2, 2023
Web3Auth and Google Cloud Unveil Firebase Extension for Web3 Onboarding
Business News Report
Web3Auth and Google Cloud Unveil Firebase Extension for Web3 Onboarding
October 2, 2023
Kenyan MPs Demand Shutdown of Worldcoin’s Crypto Venture in Kenya
News Report Technology
Kenyan MPs Demand Shutdown of Worldcoin’s Crypto Venture in Kenya
October 2, 2023
NEOBRED Gets Accepted into Chainlink BUILD Program
Sponsored
NEOBRED Gets Accepted into Chainlink BUILD Program
October 2, 2023
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.