What is DeFi?
🤖 LARRY'S TAKE
" Oh, look! Now everyone can lose their money without banks' help, in a decentralized manner – it's innovation at its finest! "
BORING DEFINITION
DeFi, or Decentralized Finance, refers to a financial technology utilizing blockchain and cryptocurrencies to recreate traditional financial systems without third parties.
REAL WORLD EXAMPLE
> Alice used DeFi protocols to lend her cryptocurrency and earn interest, only to discover later that a smart contract bug wiped out her funds.
🔥 Today's Candidates for this Term (Top Losers)
Data delayed. Financial advice? No way.