Many people are wondering how they can make use of decentralized Finance (DeFi) products as they have brought new life not only to crypto but also traditional finance markets. Numerous ambitious lending protocols like Aave (AAVE) have sparked a hope that DeFi might eventually have the same omnipresence as traditional finance, and this would be a godsend to the millions of unbanked all around the world.
MetaMask is a cryptocurrency wallet that is available as a browser extension to help you store tokens, interact with decentralized applications, and trade Ethereum.
What is Compound and how can one start using it? Some point to Compound as one of the beginning stages of decentralized finance.
Yield farming is a means of earning interest on your cryptocurrency, similar to how you’d earn interest on any money in your savings account. And similarly to depositing money in a bank, yield farming involves locking up your cryptocurrency, called “staking,” for a period of time in exchange for interest or other rewards, such as more cryptocurrency.
Web3 is an emerging, blockchain-built concept that aims to replace the current web as we know it with a more sovereign version. Web3 will allow people to keep ownership of the data we use online. It will all be possible by the use of Blockchain technology via smart contracts. Web3 is all about decentralization.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More