Decentralized Finance (aka Defi): a movement that allows users to utilize financial services such as borrowing, lending, and trading without the need for a centralized entity (no Bank of America, or Chase).
🏦 Defi helps individuals become their own bank. 🏦
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What is Defi?Getting Started with CryptoHelpful Defi ResourcesDefi ProtocolsHow to to make money in DefiWhat are stablecoins?What is Impermanent Loss (IL)?Page FarmsMy opinion and content should NOT be treated as financial advice. Do not follow my opinions as a specific strategy. This content is only for educational purposes.
I am sharing my experience using DeFi apps, wallets, protocols, and tools which include technical risks (ie smart contract bugs), financial risks (ie liquidity crises), and sometimes admin key or governance risk. The use of stable coins also entails risk, if the dollar-peg were to ever fail on a stable coin.