The Down-Low on Decentralized Finance (DeFi): Where Does The Money Come From?

Written by xdao | Published 2021/07/04
Tech Story Tags: defi-guide | defi | yield-farming | dex | liquidity-provider | what-is-defi | investing-in-defi | good-company

TLDR Egor Gavrilov, CTO and co-founder of xDAO, explains how DeFi projects work. Decentralized Exchanges, Lending Protocols and Yield Aggregators are all different types of DeFi. DeFi is a way of making money in DeFi by lending and investing in a joint pool of money. Gavilov: DeFi project is a good way to determine the best project to make money in a decentralized way. He says DeFi can be used to create DAOs and manage collective crypto assets.via the TL;DR App

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Written by xdao | XDAO – Multichain DAO Ecosystem
Published by HackerNoon on 2021/07/04