What is DeFi? A Beginner’s Guide to Decentralized Finance





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DeFi applications –

DeFi is becoming more and more popular as the main use case for cryptocurrencies. This video explains in detail what DeFi is and what you should know about before getting involved.

0:38 Bitcoin and Our Financial System
1:24 Our Centralized Financial System
1:59 What is DeFi?
2:22 DeFi Components
4:16 – DAI explained
5:51 – DEXs explained
6:33 – Decentralized money markets
8:06 Money Legos
8:56 DeFi Advantages and Risks
10:02 Conclusion

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22 comments

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  • I think Pillar wallet is a good defi platform because it has a multi-chain asset management! Like you can have low transaction fees. also, you can access different platforms using one single platform. soo cool

  • You guys should take a look at Soku swap they are doing a lot

  • Can you speak a new protocol defi BSC Treedefi?

  • Luckily for me the recommendations I saw here about PROPCYBER turns out to really work😊

  • so why dont we use DAI instead of ETH?

  • You're violating Reggie Middleton's patent. Reggie came up with all of this. You are stealing this from him. Reggie is the man. BLM!

  • Imagine your currency being dependent on electricity, cellphone or computer, internet access, programmers, and other variables; all of which are directly and indirectly created and controlled by the bankers and their accomplices in government, NGO, pharma, technology and the other big businesses that meet in Davos every year.
    Virtual currency is not decentralized & they aren't private. You and I cannot trade unless we have electricity, a phone or computer, internet access and software that the enslavers created and control.
    It's the new tool of enslavement that the enslavers created, greedy people try to push onto less informed people whose conscious is highjacked by TV and influencers, and adopted by those who believe it's a real solution to the problem.

    A workaround is not a fix to a problem. It's just a temporary relief to avoid dealing with the problem while the problem persists and gets worse.

    Kiyosaki has been working around the problem his whole life. He has used the fiat money & debt fraud system, which are the banker's tools that they control, to enrich himself. Now this DeFi push to continue to profit but fix none of the problems he lists. The bankers carry on without any real opposition because Kiyosaki is distracting their opposition with all kind of get rich schemes. He talks about the problems only to offer an ineffective workaround as a solution.

    The real solution is to pickup a copy of the constitution and read it. Also read it's supporting documents. We locally must pass term limits for all our representatives, stop waiting for them to limit themselves, it won't happen. Government by the people, for the people,
    – get rid of committees & boards of unelected people, like school boards & city council. Public school is like putting the employees of your company in charge of your children's education.
    – adopt or create a real currency (not virtual) that is created locally, DECENTRALIZEDLY CREATED as locally needed and backed by commodities and production. The Federal government may determine what the currency looks like, buy they have no power to print it. Research colonial scrip,
    – we each must teach each other these principles until this becomes our constitution. Stop looking for answers in people like Kiyosaki & Trump whom only care about their wealth and status.

  • Your videos are one of the most informative and simplest to understand on cryptocurrency I have ever seen. Thank you so much!!!

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