How to DeFi: Advanced

Decentralized Finance’s (DeFi) Inspired by blockchain technology, DeFi is referred to as financial applications built on blockchain technologies, typically using smart contracts.Learn more mission is clear: reinventing traditional finance’s infrastructure and interface with greater transparency, accessibility, efficiency, convenience, and interoperability. By April 2021, there has been over $86 billion worth of cryptocurrencies locked up in the DeFi applications, 86 times larger than a year ago.

The traditional financial industry is getting rapidly disrupted and DeFi is reshaping the way global financial systems operate. In this book, you will learn about various decentralized financial primitives, such as stablecoins Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value.Learn more, exchanges, lending, insurance, derivatives, and more.

DeFi has already existed since 2018, but it has recently witnessed a surge in popularity in the first half of 2021 with no ceiling in sight. Use this book to gain insight into the novel financial innovations enabled by DeFi. Join us in this exciting adventure of redefining finance.

In this book, you will discover:

• What is DeFi and the key categories within it
• An insider’s look at how to evaluate various DeFi protocols
• Services that empower the DeFi ecosystem: Oracles A blockchain oracle is a third-party service that provides smart contracts with information from the outside world.Learn more and Data Aggregators
• Multichain bridges that seamlessly connect and move funds between blockchains
• Causes of DeFi exploits and how can you avoid them