What is DeFi? A Beginner’s Guide to Decentralized Finance

 

Start trading Bitcoin and cryptocurrency here: http://bit.ly/2NI4xtF

DeFi applications – https://defipulse.com/defi-list/

DeFi is becoming more and more popular as the main use case for cryptocurrencies. This video explains in detail what DeFi is and what you should know about before getting involved.

0:38 Bitcoin and Our Financial System
1:24 Our Centralized Financial System
1:59 What is DeFi?
2:22 DeFi Components
4:16 – DAI explained
5:51 – DEXs explained
6:33 – Decentralized money markets
8:06 Money Legos
8:56 DeFi Advantages and Risks
10:02 Conclusion

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How do LIQUIDITY POOLS work? (Uniswap, Curve, Balancer) | DEFI Explained

 

Liquidity pools, in essence, are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity and are extensively used by some of the decentralized exchanges a.k.a DEXes.

One of the first projects that introduced liquidity pools was Bancor, but they became widely popularised by Uniswap.

Curve realised that the automated market making mechanism behind Uniswap doesn't work very well for assets that should have a very similar price, such as stable coins or different flavours of the same coin, like wETH and sETH. Curve pools, by implementing a slightly different algorithm, are able to offer lower fees and lower slippage when exchanging these tokens.

The other idea for different liquidity pools came from Balancer that realised that we don't have to limit ourselves to having only 2 assets in a pool and in fact Balancer allows for as many as 8 tokens in a single liquidity pool.

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2022 Prediction: Economic Depression Will Hit US (Here’s Why)

 

✅ LYN ALDEN and I discuss portfolio that will HELP YOU profit from DOLLAR losing reserve currency status, click this link to check it out!! 🔥 https://www.georgegammon.com/portfolio

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Watch “Will Fed CBDC Trigger Massive Stagflation? (Shocking Answer Revealed!)”:
https://youtu.be/mG4gkT6IKco

Watch “Global Elites Plan To Take Control Of YOUR Money! (Revealed)”:
https://youtu.be/VgTQQQamF4o

Watch “IMF Plan To Replace Bitcoin/Gold/Dollar With Digital SDR!! (Shocking Info Revealed)”:
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Watch “Banks Face Mysterious SLR Crisis!! (Hidden Dangers Revealed)”:
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Andrew Henderson (Setting Up Your Plan B…Deep Dive, Freedom, Taxes, International Real Estate)

 

Check out Andrew's Homepage https://www.nomadcapitalist.com/ and YouTube Channel: https://www.youtube.com/c/nomadcapita…

✅ LYN ALDEN and I discuss portfolio that will HELP YOU profit from DOLLAR losing reserve currency status, click this link to check it out!! 🔥 https://www.georgegammon.com/portfolio

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Watch “Mike Maloney (The Great Reset End Game, Inflation, Deflation, US Dollar, Bitcoin, Gold)”: https://youtu.be/c7Ph2xStWNc

Watch “Peter Schiff (Election Impact On Markets, Media Attack, CBDC's, Cash Ban, Personal Freedom)”: https://youtu.be/dkl9m4Kwkno

Watch “Lyn Alden/Jeff Snider (QE, Deflation, Inflation, Dollar, Eurodollar System, Future US Economy)”: https://youtu.be/B4xcCO9v-Os

Watch “Luke Gromen (Dollar Hegemony Fading, Economic Collapse, MMT, And Social Unrest!!)”:
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Watch “Brent Johnson (Is Dollar Milkshake Still Valid? Swap Lines, TGA, US Inflation, & Much More!)”:
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Watch “Jim Rogers Reveals Secrets That Could Make YOU RICH! (RCS Ep. 44!)”:
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Watch “Danielle DiMartino Booth Reveals Incredible Insights For 2020! RCS Ep. 52”:
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#Taxes #FrontierInvesting #Freedom

Supply Shortages Everywhere!! Is An Economic Crisis Inevitable?

 

✅ Check out the next Rebel Capitalist Live!! https:/www.rebelcapitalistlive.com

LYN ALDEN and I discuss portfolio that will HELP YOU profit from DOLLAR losing reserve currency status, click this link to check it out!! 🔥 https://www.georgegammon.com/portfolio

For more content that'll help you build wealth and thrive in a world of out of control central banks and big governments check out the videos below! 👇

🔴 Subscribe for more free YouTube tips: https://www.youtube.com/channel/UCpvy…

Do you wanna see another video as incredible as this?

Watch “Will Fed CBDC Trigger Massive Stagflation? (Shocking Answer Revealed!)”:
https://youtu.be/mG4gkT6IKco

Watch “Global Elites Plan To Take Control Of YOUR Money! (Revealed)”:
https://youtu.be/VgTQQQamF4o

Watch “IMF Plan To Replace Bitcoin/Gold/Dollar With Digital SDR!! (Shocking Info Revealed)”:
https://youtu.be/WEiqxqlZ_QA

Watch “Banks Face Mysterious SLR Crisis!! (Hidden Dangers Revealed)”:
https://youtu.be/wr1eDcwB4iM

Stay tuned every week for new content!