paint-brush
Top 10 DeFi-nitions You Need to Know to Jump into Decentralized Finance by@rhian

Top 10 DeFi-nitions You Need to Know to Jump into Decentralized Finance

by Rhian Lewis7mFebruary 18th, 2022
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

DeFi protocols are pushing the boundaries of financial technology in a high-risk, high-reward game. Here are some of the basic terms, defined in plain English. Decentralized finance is the latest evolution of cryptocurrency trading and investing. Protocols that are not tied to a particular country or company and allow anyone to interact with them have enabled many different kinds of people to make — or in some cases lose — large sums of money. In order to swap tokens, you simply connect your wallet to an interface that allows you to interact. There is no need to set up an account or to log in.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - Top 10 DeFi-nitions You Need to Know to Jump into Decentralized Finance
Rhian Lewis HackerNoon profile picture
Rhian Lewis

Rhian Lewis

@rhian

Developer, writer, cryptocurrency obsessive

About @rhian
LEARN MORE ABOUT @RHIAN'S
EXPERTISE AND PLACE ON THE INTERNET.
L O A D I N G
. . . comments & more!

About Author

Rhian Lewis HackerNoon profile picture
Rhian Lewis@rhian
Developer, writer, cryptocurrency obsessive

TOPICS

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite