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KYC and Why It’s Not Needed in DeFi
Education

KYC and Why It’s Not Needed in DeFi

While crypto has been around over 10 years, the most popular apps until the last year have been centralized crypto exchanges. These centralized exchanges like Binance and Coinbase do billions in trade volume daily but also require users to submit personal details like name, email and even physical address. This might seem harmless at first…
Trust, Intermediaries and Censorship
Education

Trust, Intermediaries and Censorship

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…
What Does "Permissionless" Mean and Why Does it Matter?
Education

What Does "Permissionless" Mean and Why Does it Matter?

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…
DeFi Wallets and Self-Custody: How to be 100% in Control
Education

DeFi Wallets and Self-Custody: How to be 100% in Control

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…
How Does DeFi Differ From CeFi?
Education

How Does DeFi Differ From CeFi?

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…
Common Uses of DeFi: Lending, Borrowing, Trading, and Stablecoins
Education

Common Uses of DeFi: Lending, Borrowing, Trading, and Stablecoins

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…
What is a Dapp and How Does it Use Smart Contracts?
Education

What is a Dapp and How Does it Use Smart Contracts?

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…
#ALTDeFi BSC and the Rise of Off-Eth “Decentralized” Finance
Blockchains

#ALTDeFi BSC and the Rise of Off-Eth “Decentralized” Finance

The last couple of weeks, if you kept your ear close enough to the ground you could feel there was something brewing. I couldn’t quite put my finger on what it was because it wasn’t about high gas fees or the bull market or DeFi but something bigger than all that, it was the emergence…
DEX Project Proposes Porting SushiSwap to Solana
DeFi

DEX Project Proposes Porting SushiSwap to Solana

The SushiSwap community is now voting on a proposal to build SushiSwap on the Solana blockchain using the Solana-based Raydium DEX as a bridge. Raydium proposes “acting as a bridge and partner for SushiSwap’s expansion onto Solana,”  allowing SushiSwap to access additional liquidity from Serum and leverage the chain to increase transaction fees and lower…
Brave is Planning to Build a DEX Aggregator
DeFi

Brave is Planning to Build a DEX Aggregator

Brave, the company behind the open source Brave web browser that allows users to tip publishers and content creators with its first-party Basic Attention Token (BAT), is setting their sights on a lofty new project: a Brave DEX aggregator. The Brave DEX aggregator is intended to have multi-chain support featuring many assets across different blockchains,…