When you use a DeFi application, there’s no sign-up with your email and name, there’s no ID required, and in most cases, there’s no restriction on your geographical location. All one has to do is click a few buttons and that’s it! Similar to a roundabout, you can enter or exit (deposit or withdraw your …
What Does “Permissionless” Mean and Why Does it Matter? Read More »
In DeFi, your money becomes empowered. You can store it, lend it, trade it, zap it, and track it real-time. It’s a bit like a game but at the heart of this is more control, aka, self-custody. Self-custody refers to individuals being 100% in control of their assets, similar to cash. Except this is digital …
DeFi Wallets and Self-Custody: How to be 100% in Control Read More »
There are 3 major differences to know between CeFi and DeFi. 1) Centralized finance (CeFi) refer to crypto banking companies like Coinbase, Binance, and Huobi, which are owned by a single entity or corporation. CeFi teams can provide valuable services but they’re 100% in charge. They can let you in and kick you out. In …
In DeFi, the possibilities of what can be built to replace legacy finance are endless, but there are a few use cases that every newcomer to DeFi will want to know about and explore early on because 1) they’re easy to understand and 2) battle-tested with billions in liquidity and hundreds of thousands of users …
Common Uses of DeFi: Lending, Borrowing, Trading, and Stablecoins Read More »
dApps or decentralized applications are applications powered by a public blockchain protocol like Ethereum. When you build a dApp on Ethereum, you’re programming a simple set of rules for an application to follow when it receives money or other inputs from users. Smart contracts are a lot like programming a robot. Smart contracts on a …
What is a Dapp and How Does it Use Smart Contracts? Read More »
This article was written together with Ledger, a hardware wallet and application to securely buy, sell, exchange, stake, lend & manage your crypto. Owning crypto is a path made of security choices. By saying owning crypto, we mean owning your private keys. And by security choices, we refer to the way you chose to secure …
