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Defi for Beginners 2022: A Beginner's Guide to Investing in Defi Protocols, Stablecoins and Next Generation Blockchains by Sweet Angel

Defi for Beginners 2022: A Beginner's Guide to Investing in Defi Protocols, Stablecoins and Next Generation Blockchains

by Sweet Angel
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Book cover type: Paperback
  • ISBN13: 9781804319741
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Valentina Strabioli
  • Publisher Imprint: Valentina Strabioli
  • Publication Date:
  • Pages: 74
  • Original Price: USD 29.97
  • Language: English
  • Edition: N/A
  • Item Weight: 195 grams
  • BISAC Subject(s): Bitcoin & Cryptocurrencies, Personal Finance / Investing, and E-Commerce / Online Trading

Decentralized finance, or DeFi, is a means for making financial commodities available to the general public over a decentralized blockchain network.

As a result, rather than going via intermediaries like brokerages or banks, it is open to anybody. In addition, unlike a bank or brokerage account, DeFi does not require a Social Security number, government-issued ID, or proof of address. Instead, DeFi refers to a system in which sellers, buyers, lenders, and borrowers connect peer to peer or with a strictly software-based intermediary rather than a firm or organization conducting a transaction using software developed on blockchains.


To achieve the goal of decentralization, various protocols and technologies are employed. A decentralized system, for instance, might be made up of blockchain, open-source technologies, and proprietary software. Smart contracts make these financial products possible, which automate agreement terms between sellers and buyers or borrowers and lenders. DeFi solutions are intended to eliminate intermediaries between transacting parties, regardless of the technology or platform used.


Although the amount of money and trading tokens trapped in smart contracts in its ecosystem has been constantly increasing, DeFi is still a young industry with a nascent infrastructure. As a result, DeFi is subject to little or no regulation or control.


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