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DeFi Explained
- Narrated by: Alec Nehlsen
- Length: 17 mins
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DeFi Explained
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Publisher's summary
DeFi has been driving a cryptocurrency resurgence since 2020 with no sign of stopping. But what is DeFi, and how does it work?
Decentralized finance (commonly referred to as DeFi) is a blockchain-based form of finance that does not rely on central financial intermediaries, such as brokerages or banks to offer traditional financial instruments.
Instead, it utilizes smart contracts on blockchains, the most common being Ethereum.
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