An Introduction to Decentralized Finance (DeFi) with Xavier Decuyper
DeFi — short for decentralized finance — is a new vision of banking and financial services that is based on peer-to-peer payments through blockchain technology. Via blockchain, DeFi allows “trust-less” banking, sidestepping traditional financial middlemen such as banks or brokers. DeFi use-cases include money transfers, loans, insurance, crowdfunding, NFTs, initial
coin offerings (ICOs), decentralized exchanges, stablecoins, prediction markets, and more. As with all things, this new industry also has shortcomings. You’ll get an overview of how DeFi works, some of the leading platforms, and a discussion of the pros and cons of this new industry.