Focus mode

Web3 Fundamentals

DeFi

DeFi

These contents have been prepared using online resources. Patika.dev’s own contents are currently under preparation.

Defi is a web3 version of using traditional financial instruments without relying on middlemen like brokerages, exchanges or banks. DeFi does this by using smart contracts on blockchain.

DeFi allows to lend or borrow funds, trade cryptocurrencies and earn interest.

"Why is DeFi so revolutionary?

To start, anyone with Internet connection can participate in DeFi. There are no centralized authorities who can deny you access to anything (e.g. a loan, a bank account, access to your own funds).

A quick comparison:

images

For further information: DeFi

Ethereum - DeFi

left-disk

Programs to Accelerate Your Progress in a Software Career

Join our 4-8 month intensive Patika+ bootcamps, start with the fundamentals and gain comprehensive knowledge to kickstart your software career!

right-cube

Test

Comments

You need to enroll in the course to be able to comment!