DeFi, staking and yield farming explained in simple terms

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…

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Przemek Chojecki

Przemek Chojecki

5.5K Followers

AI + web3 builder, PhD in mathematics, Forbes 30 under 30, former Oxford fellow.