I have been trading cryptocurrency for slightly over a year now (think along basic currency exchange), having been introduced to the DeFi concept yet hardly venture out to explore the thriving crypto jungle. This post would be a newbie’s rumble to herself.
Some reading resources to start with…
Glossary of Crypto terms
“DeFi refers to a system where software written on blockchains makes it possible for buyers and sellers and lenders and borrowers to interact peer to peer or with a strictly software-based middleman rather than a company or institution facilitating a transaction.” – Investopedia
I can foresee DeFi’s disruption to traditional banks if it can provide stable infrastructures and ease of use for businesses and the masses to carry out financial transactions (lending, borrowing, trading, payment etc). If it has not already happened in some