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What is DeFi? A Beginner’s Guide to Decentralized Finance

September 8, 2020 11:29 932

DeFi Inspired by blockchain technology, DeFi is referred to as financial applications built on blockchain technologies, typically using smart contracts. Inspired by blockchain technology, DeFi is referred to as financial applications built on blockchain technologies, typically using smart contracts.Learn more is becoming more and more popular as the main use case for cryptocurrencies. This video explains in detail what DeFi is and what you should know about before getting involved.

0:38 BitcoinBitcoin (btc)1$ 49,341.600.16%0.65%-12.22%details and Our Financial System
1:24 Our Centralized Financial System
1:59 What is DeFi?
2:22 DeFi Components
4:16 DAI explained
5:51 DEXs explained
6:33 Decentralized money markets
8:06 Money Legos
8:56 DeFi Advantages and Risks
10:02 Conclusion

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