Introduction to DeFi

Blockchain technologies emerged in the aftermath of the global financial crisis of 2008, after the exposure of the intertwined corruption, greed, and fragility of centralized banking systems. This peaceful revolution is a paradigm shift to bring accessibility, transparency, and sovereignty back into the global financial system. Decentralized Finance, or DeFi, is our term for financial services that operate on the blockchain. DeFi offers direct payments without borders, seamless trading of digital assets, and incentives for users who participate directly in protocols. Together, these technologies empower the masses through true autonomy over their digital assets.

DeFi is intimidating at first. You will need to learn new terminology, navigate fundamental concepts in finance, and have a basic understanding of the underlying tech. Our educational curriculum in DeFi Land will cover everything from setting up your first digital wallet to being a full fledged liquidity provider on DeFi protocols.

The Blockchain Will Power the Future of Finance

Decentralization: The blockchain is a public ledger built on open source code. This decentralized transcript of all transactions occurring across the world eliminates the need for centralized institutions, while improving the transparency and accessibility of the entire financial system. There is a wealth of benefits that stem from the blockchain:

  • Your finances are available 24/7 and can be transferred across borders with minimal latency.

  • Anyone can participate and earn rewards from DeFi protocols.

  • No government policy can influence the underlying technology of the blockchain.

  • Transaction agreements are made transparently, and ownership of your finances is absolute. What’s yours is yours. By putting the trust of financial systems into the consensus of the masses, we can pave the road toward opportunity for all.

Trustless is trustworthy: DeFi is designed to be accessible to anyone with a digital wallet and ownership of crypto currencies. We call it “trustless” because it doesn’t matter who you are – you are welcome to participate in the network. Unlike systems that rely on knowledge of their customers, good DeFi protocols are designed where it doesn't matter who the customer is. The code is law and often open-sourced, transparent, and built to welcome anyone into their features. Long story short: if you can trust the public blockchain, you don’t need to trust anyone else.

Security of your assets: We’ve all heard the stories of crypto hacks, lost funds, accidental transfers, and scams. But what many people outside of crypto don’t know is how secure the blockchain is. All of these hacks and exploits occur on unsecure protocols or due to human error. Your assets on the blockchain are astronomically secure, to the extent that it would take the greatest computer on earth longer than the history of the universe to guess your private keys.

Proof of ownership: There are few services on earth that can prove ownership with the power and integrity of the blockchain. NFTs can be used for art, video game items and skins, ticket sales, home and car titles, receipts, newsletters – literally anything that you want to be etched on the blockchain to optimize culture, entertainment, and your life.

Breaking the cycles and entering the new frontier: The blockchain operates beyond barriers, borders, and systems of oppression, offering one last beacon of hope against a seemingly endless cycle of exploitation. It can serve as an onramp to payment systems for the billions of unbanked citizens of the world, offer sovereign and dependable forms of money, revolutionize art, gaming, and social media, and even help create a standard for new nation-building.

It’s just a vibe: Blockchain communities can represent a positive change in internet culture when they are focused on the right priorities. When a community is built around the positive values of decentralized technologies, they can foster an extraordinary digital ecosystem.

Disclaimer: We aim to bring education of blockchain technology to the masses. None of the statements made should be interpreted as financial advice. We strongly suggest that you do in-depth research and consult the advice of experts before making any financial decisions.

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