When you use a DeFi application, it’s powered by hardcoded rules. The idea is that these rules provide users with the ability to do powerful but predictable things with their money–like borrow, lend, trade, and earn interest. In order for users to coordinate such activities and engage with their money peer-to-peer, it means trusting the…

When you use a DeFi application, there’s no sign-up with your email and name, there’s no ID required, and in most cases, there’s no restriction on your geographical location. All one has to do is click a few buttons and that’s it! Similar to a roundabout, you can enter or exit (deposit or withdraw your…

In DeFi, your money becomes empowered. You can store it, lend it, trade it, zap it, and track it real-time. It’s a bit like a game but at the heart of this is more control, aka, self-custody. Self-custody refers to individuals being 100% in control of their assets, similar to cash. Except this is digital…

There are 3 major differences to know between CeFi and DeFi. 1) Centralized finance (CeFi) refer to crypto banking companies like Coinbase, Binance, and Huobi, which are owned by a single entity or corporation. CeFi teams can provide valuable services but they’re 100% in charge. They can let you in and kick you out. In…

In DeFi, the possibilities of what can be built to replace legacy finance are endless, but there are a few use cases that every newcomer to DeFi will want to know about and explore early on because 1) they’re easy to understand and 2) battle-tested with billions in liquidity and hundreds of thousands of users…

dApps or decentralized applications are applications powered by a public blockchain protocol like Ethereum. When you build a dApp on Ethereum, you’re programming a simple set of rules for an application to follow when it receives money or other inputs from users. Smart contracts are a lot like programming a robot. Smart contracts on a…

This article was written together with Ledger, a hardware wallet and application to securely buy, sell, exchange, stake, lend & manage your crypto. Owning crypto is a path made of security choices. By saying owning crypto, we mean owning your private keys. And by security choices, we refer to the way you chose to secure…

On the 18th December, The U.S. Financial Crimes Enforcement Network (FinCEN) released a proposed rule that would instill record keeping and reporting requirements for transactions by or to a bank or money service business involving an “unhosted or otherwise covered wallet.” The 15 day comment period to respond to this proposal ended with over 65K…

DeFi is a growing ecosystem of protocols and applications, which are delivering value to several thousands of users, and transacting the equivalent of hundreds of millions of dollars in digital assets, every day.  The very foundations of a new financial system are being laid, with applications that enable everything from simply making transfers and payments,…

In this guide we’ll be helping you take your first steps into the boundless world of Decentralized Finance, better known as DeFi. DeFi is a growing movement which has the potential to democratize access to  financial services.  This emerging ecosystem is being built on global, public and distributed networks such as Ethereum, and uses smart…