What is DEFI | DEFI Explained | Defi for Beginners | How Defi Work 🔥

What is DEFI | DEFI Explained | Defi for Beginners | How Defi Work 🔥

DeFi is an abbreviation for Decentralised Finance. Simply put, it aims to create decentralised versions of traditional financial instruments and services.These provide more transparent and accessible options for financial tools.Things like savings, loans, insurance, and so on.Essentially, any form of cryptocurrency is technically DeFi. What Bitcoin is to cash, DeFi is to traditional financial instruments. It's a decentralised, global, digital, and permissionless alternative that promises you control of your own assets. Not just more control, like modern banks and fintechs. Total control. The applications are endless.And while the aspirations may seem a little futuristic,there are already DeFi projects launched, like MakerDAO, Compound,Aave, Kyber, and Ox.

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💡 TOPICS IN THIS VIDEO 💡 what is defi,defi explained,defi crypto,how defi works,defi passive income,decentralized finance

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