https://coinlamb.com/wp-content/uploads/2021/10/scott-graham-5fNmWej4tAA-unsplash.jpg 1281 1920 Richard Guthrie https://coinlamb.com/wp-content/uploads/2021/08/Coinlamb.png Richard Guthrie2021-10-19 21:37:152021-10-20 22:34:06The Decentralized Finance Beginner’s Guide
To begin, it’s crucial to note that DeFi is a relatively new word that is only now gaining traction. This means that DeFi, an abbreviation for decentralized finance, lacks a precise definition.
https://coinlamb.com/wp-content/uploads/2021/10/DeFi.png 672 1400 Richard Guthrie https://coinlamb.com/wp-content/uploads/2021/08/Coinlamb.png Richard Guthrie2021-10-19 21:02:152021-10-20 22:34:25What is DEFI
Decentralized Finance (also known as DeFi) is a blockchain-based type of finance that does not rely on traditional financial intermediaries like brokerages, exchanges, or banks to provide traditional financial instruments, relying instead on smart contracts on blockchains like Ethereum.