Investing: What is Decentralized Finance or DeFi

Wiser Than Yesterday

English - January 19, 2022 16:00 - 54 minutes - 48.8 MB
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Previous Episode: Investing: The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Eric Jorgenson

Next Episode: Investing: Art of the Deal: Contemporary Art in a Global Financial Market by Noah Horowitz

Decentralized Finance or DeFi
Decentralized Finance offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks. Instead, it uses smart contracts on a blockchain. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. DeFi uses a layered architecture and highly composable building blocks. Some applications promote high interest rates but are subject to high risk.
In this episode, Nico and Sam thoroughly explained what is DeFi all about, the importance and risks involved, how it works and so much more!
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