DeFi Financial Products: 1 - Deepstash
Getting started with Cryptocurrency

Learn more about crypto with this collection

Understanding the basics of cryptocurrency

How to store cryptocurrency securely

Risks and benefits of investing in cryptocurrency

Getting started with Cryptocurrency

Discover 84 similar ideas in

It takes just

13 mins to read

DeFi Financial Products: 1

DeFi Financial Products: 1

Peer-to-peer (P2P) financial transactions are one of the core premises behind DeFi. A P2P DeFi transaction is where two parties agree to exchange cryptocurrency for goods or services with a third party involved.

To fully understand this, consider how you get a loan in centralized finance. You'd need to go to your bank or another lender and apply for one. If you were approved, you'd pay interest and service fees for the privilege of using that lender's services.

11

42 reads

MORE IDEAS ON THIS

What Is Total Value Locked in DeFi?

Total value locked (TVL) is the sum of all cryptocurrencies staked, loaned, deposited in a pool, or used for other financial actions across all of DeFi. It can also represent the sum of specific cryptocurrencies used for financial activities, such as ether or bitcoin.

11

27 reads

Centralized Finance:

Centralized Finance:

In centralized finance, your money is held by banks, corporations whose overarching goal is to make money. The financial system is full of third parties who facilitate money movement between parties, with each one charging fees for using their services

11

84 reads

Promo

Adding Values Trust in providing Value-adding Content. Adding Values is an Integral Part of the Nayan Foundation.

What is the Adding Values? 

➡ Adding Values is the Mission...

11

18 reads

DeFi Currency:

DeFi Currency:

DeFi is designed to use cryptocurrency for transactions. The technology is still developing, so it is difficult to determine precisely how existing cryptocurrencies will be implemented, if at all. Much of the concept revolves around stable coin, a cryptocurrency backed by an entity or pegged to f...

11

30 reads

Decentralized Finance: 2

A distributed database is accessible across various locations; it collects and aggregates data from all users and uses a consensus mechanism to verify it.1 Decentralized finance uses this technology to eliminate centralized finance models by enabling anyone to use financial services anywhere rega...

11

46 reads

The Future of DeFi: 2

Many questions must be answered and advancements made before DeFi becomes safe to use. Financial institutions are not going to let go of one of their primary means of making money—if DeFi succeeds, it's more than likely that banks and corporations will find ways to get into the system; if not to ...

10

28 reads

What Does Decentralized Finance Do?

The goal of DeFi is to get rid of the third parties that are involved in all financial transactions.

10

34 reads

DeFi Financial Products: 2

In DeFi, you'd use your decentralized finance application (dApp) to enter your loan needs, and an algorithm would match you up with peers that meet your needs. You'd then need to agree to one of the lender's terms and receive your loan.

The transaction is recorded in the blockchain; you rec...

10

28 reads

Decentralized Finance: 1

Decentralized Finance: 1

Decentralized finance eliminates intermediaries by allowing people, merchants, and businesses to conduct financial transactions through emerging technology. This is accomplished through peer-to-peer financial networks that use security protocols, connectivity, software, and hardware advancements....

11

68 reads

How Does DeFi Work?

How Does DeFi Work?

Decentralized finance uses the blockchain technology that cryptocurrencies use. A blockchain is a distributed and secured database or ledger. Applications called dApps are used to handle transactions and run the blockchain.3 In the blockchain, transactions are recorded in blocks and then verified...

11

49 reads

What Is Decentralized Finance (DeFi)?

What Is Decentralized Finance (DeFi)?

Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.

11

135 reads

Is Bitcoin a Decentralized Finance?

Bitcoin is a cryptocurrency. DeFi is being designed to use cryptocurrency in its ecosystem, so Bitcoin isn't DeFi as much as it is a part of it.

11

33 reads

The Future of DeFi: 1

The Future of DeFi: 1

Decentralized finance is still in the beginning stages of its evolution. For starters, it is unregulated, which means the ecosystem is still riddled with infrastructural mishaps, hacks, and scams. Current laws were crafted based on the idea of separate financial jurisdictions, each with its own s...

11

25 reads

CURATED FROM

CURATED BY

unboxingspace

Hi, Readers we are Unboxing Space here we do all kind of Tech videos, Unboxing, Review, Tips & Tricks, Information & so many interesting things. To watch our videos you can SUBSCRIBE to our channel & Blog so you don’t Miss any informative thing. by IGDM

Decentralized finance is going to be a future, So here we have explained to you everything about DeFi. Hope this article will help to Understand about it.

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates