Decentralized Finance Explained! What in the world is this phenomenon?! You can track the total value of locked assets here:
https://defipulse.com/
There are 4 Types of DeFi Transactions Covered In This Video:
1) DeFi Lending
2) Yield Farming
3) Governance Tokens
4) Crypto Staking
0:00 Intro
0:40 Why is DeFi Important?
0:57 What Is DeFi?
2:00 Example of DeFi Using Your Savings Fund
2:52 DeFi Lending
3:06 Yield Farming
3:22 Governance Tokens
3:48 Crypto Staking
4:17 Risks With DeFi
5:47 How To Get Started
7:22 Is DeFi The Future?
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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and/or use myself. Some of the links on this web page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing the content this channel.