In this video, we will tackle a concept that undoubtedly you’ve been hearing about for some time - decentralized finance.
We will answer the question of what is decentralized finance, look at its pros and cons, learn about DEXs, and much more.
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The main topics of the video are:
▶ What is DeFi?
▶ DeFi Financial Instruments.
▶ DeFi Versus Traditional Finances.
▶ DeFi Advantages and Risks.
▶ Conclusions
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🟡 What is DeFi?
DeFi is short for Decentralized Finance and it’s an umbrella term used to refer to any financial services on public Blockchains. DeFi allows you to do pretty much everything that a bank would, such as earn interest, buy insurance, lend or borrow, trade assets or derivatives, and so on.
🟡 DeFi Financial Instruments
DeFi has its own financial instruments which make it stand apart, such as the Universal Market Access, a protocol for Smart Contracts on Ethereum. This is a synthetic-asset protocol that allows anyone to recreate traditional financial products, exotic crypto-based products, and more.
🟡 DeFi Versus Traditional Finances
There are several things that stand in direct opposition when we compare DeFi with traditional finance, with the most important one being the fact that:
DeFi allows you to hold your own money, while in traditional finance, your money is always held by a company.
🟡 DeFi Advantages and Risks
DeFi comes with certain advantages such as not having to deal with human error as smart contracts take charge.
It also allows you to receive a crypto loan using only a few clicks, any time during the day or night, unlike the services of a bank.
🟡 Conclusions
DeFi is an all-encompassing term that refers to transactions happening on a Blockchain.
With DeFi, you can do most of the things that one can do with a bank, like borrow, lend, earn interest, trade assets, derivatives, etc.
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- CHAPTERS -
0:00 What is DeFi?
0:37 DeFi Financial Instruments
2:09 DeFi Versus Traditional Finances
3:31 DeFi Advantages and Risks
4:32 Conclusions
5:02 Outro
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======================💎HashTags💎======================
#DeFi #defi_advantages #DecentralizedFinance #What_is_DeFi #DeFi_Conclusions #Animation #Cryptomatics #Blockchain #Crypto #3D_Animation #Passive_Income #DeFi_Vs_Traditional_Finances #DeFi_Advantages_and_Risks #defi_crypto_explained
What is DeFi? / Decentralized Finance Explained / Animation
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