DeFi, staking and yield farming explained in simple terms

Decentralized Finance is on the rise!

Defi (Decentralized Finance) is a financial system that uses distributed ledger technology and blockchain networks to record, store and transfer of assets, as well as the management of assets); usually as opposed to traditional financial systems that are centralised and controlled by one centralised entity.

Defi has an emerging niche in the financial ecosystem since it combines elements of traditional finance, cryptocurrencies and DeFi with the…