Many call decentralized finance the money LEGO blocks that will re-define how every human being in the world engages with financial products like
- Borrowing and Lending
- Savings
- Investments
To learn more about this developing financial technology that uses digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum here are some links that will get you up to speed on the topic this week
- Watch this video from Finematics to get an overview
- Another good read can be found at Defipulse.com
On a scale of 1 to 10, how hard is it to participate in the DEFI movement?
From personal experience, I would say the complexity of engaging with DEFI tools is about an 8 out of 10. If you want to get your feet wet, we recommend you do your research by reading and watching educational videos on Youtube. DEFI is truly in experimental stages and you are doing all things at your own risk with no safety net. The movement is truly revolutionary and learning more about the space takes time and willingness to engage with the communities within the projects on platforms like telegram or discord where you can ask basic questions and learn along at your own pace.
What are some of the most popular projects in DEFI?
- Uniswap
- Aave
- If you want a full list visit Messari.io for a full list
If you have questions, blockchainpress.ca offers DEFI project tours where we take you through the basic tools needed to engage with DEFI projects. For more information reach out to us by filling out the contact us form.