How to DeFi: Beginner, Second Edition, is the 2021 updated version of How to DeFi (March 2020). DeFi is an ecosystem of decentralized applications that provide financial services built on top of distributed networks with no governing authority. By April 2021, DeFi applications have locked up over $86 billion worth of cryptocurrencies in smart contracts.
DeFi is expected to grow further in the coming years and is a key component in fulfilling Ethereum’s lofty vision and ambition. You will learn about the various elements of DeFi such as decentralized stablecoins, decentralized exchanges, decentralized lending, decentralized derivatives, decentralized insurance and more.
DeFi has been immensely popular throughout 2019 to 2021 and is showing no signs of slowing down. Use this book to stay ahead of the curve and learn how you can utilize various DeFi applications to better understand the changes that will disrupt the traditional financial sector.
In this book, you will discover:
- What is DeFi and their differences with traditional finance
- What is Ethereum and its role in DeFi
- Step-by-step guides in using the various DeFi applications
- Real-life use cases of DeFi and how you too can earn from opportunities within the space
With simple, yet concise explanations and guides, it has never been easier for you to understand and get started with the various DeFi applications.