Are you familiar with banking, insurance, loan and credit, savings, fintech, financial trading, etc? They are generally referred to as “financial products”. If you are familiar with these, just think of DeFi (Decentralized Finance) as financial products built on the blockchain. Both TradFi (Traditional Finance) and DeFi are similarly structured, however, DeFi is decentralized and eliminates the need for financial intermediaries while TradFi is designed with trusted third parties in place, usually a financial institution.
DeFi 101 and Staking
DeFi 101 and Staking
DeFi 101 and Staking
Are you familiar with banking, insurance, loan and credit, savings, fintech, financial trading, etc? They are generally referred to as “financial products”. If you are familiar with these, just think of DeFi (Decentralized Finance) as financial products built on the blockchain. Both TradFi (Traditional Finance) and DeFi are similarly structured, however, DeFi is decentralized and eliminates the need for financial intermediaries while TradFi is designed with trusted third parties in place, usually a financial institution.