Decentralized finance (DeFi) is defined as the ability to conduct financial transactions online without relying on a middleman. The original DeFi is bitcoin which was created as digital cash; but since bitcoin was created, DeFi has expanded to encompass much more. Last week we discussed three different ways in which you can interact with DeFi through decentralized exchanges (DEX), decentralized autonomous organizations (DAOs) and lending. During the next few weeks we will unpack each of these domains starting with decentralized exchanges (DEX) and discuss how they enable the future of finance.
26 - Decentralized exchanges (DEXs)
26 - Decentralized exchanges (DEXs)
26 - Decentralized exchanges (DEXs)
Decentralized finance (DeFi) is defined as the ability to conduct financial transactions online without relying on a middleman. The original DeFi is bitcoin which was created as digital cash; but since bitcoin was created, DeFi has expanded to encompass much more. Last week we discussed three different ways in which you can interact with DeFi through decentralized exchanges (DEX), decentralized autonomous organizations (DAOs) and lending. During the next few weeks we will unpack each of these domains starting with decentralized exchanges (DEX) and discuss how they enable the future of finance.