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Decentralized Finance

Basics:

Decentralized finance (DeFi) is a monetary system not dependent on centralized, large entities such as brokerages, exchanges, banks or governments.  This monetary system is built directly on blockchains to handle transactions.

See more here

 

Examples:

Aave: A decentralized lending and borrowing system.  Allows users to lend, borrow and earn interest on crypto assets.  Learn more here

Bogged: Bogged Finance is a popular set of tools available for BSC projects. More can be read about Bogged at https://bogged.finance

PancakeSwap (PCS): is a tool for swapping crypto assets.  Instead of using a traditional exchange system that uses order books, bids and asks, PCS uses liquidity pools.  More here

SushiSwap: Sushi is building a comprehensive, decentralized trading platform for the future of finance. More here

Uniswap: A DeFi protocol used to exchange cryptocurrencies. See more here

Yearn.Finance: Yearn Finance is a suite of products in Decentralized Finance (DeFi) that is designed to generate yield on smart contract platforms like Ethereum. The protocol is maintained by various independent developers and is governed by YFI holders.  More here

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