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
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 Bitcoin — digital 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 articlesDamir 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.
