What is DEFI? Decentralized Finance Explained (Ethereum, MakerDAO, Compound, Uniswap, Kyber)

DeFi or decentralized finance is a movement that aims at making a new financial system that is open to everyone and doesn't require trusting intermediaries like banks. To achieve that defi relies heavily on cryptography, blockchain and smart contracts.
Smart contracts are the main building blocks of defi. If you don't know what smart contracts are or you want to refresh your knowledge you can pause this video and watch my introduction to smart contracts video first.
Smart Contracts Explained ► • CODE IS LAW? Smart Con...
It's worth noticing that currently most if not pretty much all of the defi projects are built on Ethereum. The main reason for this is the Ethereum's fairly robust programming language called Solidity that allows for writing advanced smart contracts that can contain all the necessary logic for the defi applications, besides that Ethereum has the most developed ecosystem across all the smart contract platforms with thousands of developers building new applications every day and the most value locked in smart contracts which create an additional network effect. In fact, all the defi protocols mentioned in this video are built on Ethereum.
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Post ► finematics.com/defi-explained/
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[@Finematics]

❓What is your favourite DeFi project? Comment down below
👍Hit the like button if you enjoyed this video
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[@mVpSlayer]

Elrond (eGOLD)

[@johndango4043]

Bitconnect

[@domaneroke5332]

mantraDAO (OM)

[@calvinhizkia3977]

Forsage

[@28annabel]

The rise of the DeFi economy can’t be swept aside any longer and Fusion is one of the key drivers of this inevitable rise. Fusion’s vision of an interoperable platform has endeared it to many DeFi projects.
www.newsbtc.com/press-releases/the-10-must-read-defi-trading-tips/

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You’re right to feel that way! In fact CZcams “U” is superior to legacy brick /mortar institutions. That is, those who know practice (and explain on YT), while those who don’t gain tenure within those tired halls

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You kind of need both. CZcams gives breadth of knowledge but it does not really provide depth. Nothing can substitute doing things yourself and doing the work yourself.

[@28annabel]

haha same here :))
I just want to say that as I can see #Anyswap is also a project with the future and it's way cheaper then #Uniswap
you can see more here : cryptonews.com/news/anyswap-s-decentralized-cross-chain-swap-protocol-vs-central-7262.htm

[@stressrelief9597]

@@28annabel Vouch for Anyswap as well...very good platform and they recently added ETH so it is time for exchange!! :)

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Dude, go study for real. Don’t try to rationalize your favorite time-waste

[@VoskCoin]

you're doing a great job w/ your channel and videos, keep it up!

[@Finematics]

thanks!

[@owenrobertson7831]

Facts, these videos are great

[@ruchitachaudhary9825]

Absolutely. Your channel is my main educational channel on defi

[@nerdowlesa]

I see the cryptocurrency universe becoming a course in college and high school

[@habibbialikafe339]

it already is! i go to university of san francisco and my comp sci friends have taken 1 or 2 classes in it

[@Manu-ei8dv]

It already is, some of universities in australia has blockchain courses

[@marcnerva6030]

You can find detailed recorded lectures from MIT on a bunch of crypto topics.

[@fan1008]

Us old folks don't have to worry about classes, we get grandfathered in!

[@Senniemiec]

I work in CEFI and this is really eye opening. Traditional finance will have to change.

[@achromcapital8689]

I'm not a noob in DeFi, I was studying hard about it since 5-6 months ago. But you f*ck*d my mind in 12:23 minutes in an awesome mode. This is without dude the best information about DeFi that I founded on Internet. I can only say you congratulations and I spect that you'll continue doing this for decades.

[@42JDD]

I love that you also give examples of the projects and link them together!

[@almac2811]

Thank you so much for all the effort you put in making DeFi understandable for the common user. I already went through all your videos/articles in your DeFi guides and, although I'm not anything close to a programmer, I now have a better notion of the whole concept. Your work is solo valuable, I cannot thank enough. Cheers from Mexico.

[@davehickey2293]

This is the first DeFi.video I’ve watched and it was easy to follow, covered lots of ground so I felt it gave me an excellent intro to the space. Thank you very much!

[@Finematics]

Thanks Dave!

[@patrickcadiente1253]

This is quite a lot to take in but I'm thankful you've thoroughly explained this. More power to this channel 😊

[@arjoon]

Your channel is by far the best I've found on defi. Keep up the awesome work!

[@Finematics]

Thanks!!

[@asdf198]

This is the best YT vids I've seen providing a survey of a domain, thank you!

[@cristiancandela245]

Man one of the most valuable information around. Cheers!

[@CarlKruse]

A good overview of the DeFi ecosystem.

[@Finematics]

Thanks Carl!

[@necromancer7712]

Hands down, Best channel not just on CZcams bur across all the internet that can explain blockchain environment to a newbie like me. Thank you! Finally i am getting what this is all about

[@Finematics]

Thanks! Glad the videos are helpful :)

[@WalterKaan]

Wow, super-clear. A compelling video. Just have to learn a bit more about contracts and come back to this one! Thanks Finematics.

[@domaneroke5332]

your works is beyond the greatness! thank you so much!

[@Finematics]

Thanks! You’re welcome :)

[@RichoGoMa]

I got dizzy by watching this video.. so much information overheated my brain!

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This is the video I send to my friends and family when they want to start learning about defi. It's really fantastic like all of your videos, thanks.

[@Finematics]

Awesome, great to hear!

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Thank you for this amazing content! You are doing a great service educating your CZcams audience! Cheers mate!

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Fasting becoming my favourite channel. Keep up the great work.

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I'm very new to this and only had knowledge around regular stocks. Your videos just made it so easy for me to understand this maybe complex world but very very full of hope. Thank you so much, keep up the great work!

[@craigclement5079]

This def clears up quite a bit for me. I’m still a little hazy after watching as I wasn’t all that clear of the cefi world or the vocabulary in it. Thank you for the video.

[@Irgin]

Provided knowledge on this channel for free is astonishing! Thank you so much!

[@Showmetheevidence-]

Great video... but I'd argue DEFI is actually still just as expensive as CEFI for now.
By the time you've paid to buy crypto, exchange coins, send coins and then withdraw back into fiat... the fees are pretty heavy.

[@everin4205]

Defi is the future we believe in! Thank you for the great explanation. We hope that this video helped a lot of people!

[@Finematics]

Thanks! :)

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This is the most useful crypto channel on CZcams

[@Finematics]

thanks!

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[@Finematics]

thanks!

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Excellent. Clear. Overview. Thx!

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I'm here because my professor said there was no class today and linked this video calling it a lecture

[@StephenAldaco]

Honestly man this video is killer! I learned a lot and I feel I understand defi now 🙏

[@Finematics]

thanks!! good to hear it was helpful :)

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Thank you for your education 🙏 Watching these have been very helpful in clearing up a lot of confusion for me.

[@UrbanLegend131]

Had to watch this video x10 times to get my head around it all. But really very useful, thank you. 🧠

[@Finematics]

Thanks. Glad it was helpful!

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Good explanations, thanks!

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Came here from Ivan on Tech. Great little video on DeFi.💯🚀👍

[@Finematics]

Thanks Greggson! 🚀

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All regulatory bodies across the world need to watch this video (can you please make an updated one?).
Hope this video gains enough rep from CZcams so that it recommends to everyone.
Thanks! 🔥

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congratulations for this work. So good mate.

[@Finematics]

Thanks Javier!

[@itsmayur]

very educational, thank you very much

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[@Finematics]

thanks!

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[@Finematics]

Thanks!

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Thanks for the breakdown.

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[@Finematics]

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[@Finematics]

thank you! :)

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Liked and subscribed.
Keep up the good work.

[@Finematics]

Thanks for the sub! :)

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[@Finematics]

thanks AJ!

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[@Finematics]

Thanks! :)

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Thank you for your efforts!

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Thanks for producing this video

[@Finematics]

You're welcome!

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[@Finematics]

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[@Finematics]

Thanks! I'm glad you enjoyed!

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[@Finematics]

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[@Finematics]

Thanks Amarjeetsingh!

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[@Finematics]

You’re welcome! Thanks for subscribing!

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[@Finematics]

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[@Finematics]

Thanks Bob!

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[@Finematics]

thanks! DeFi is the future! 🚀

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Awesome explanation

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ty for this video

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This was amazing!!

[@Finematics]

thanks!

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[@Finematics]

Thanks! :)

[@al8-.W]

I was redirected here from your decentralized finance video, where I had already been redirected from your uniswap video, and I am about to get redirected to your smart contracts video. Gosh, I should just watch all in chronological order before I risk a stack overflow XD

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very insightful

[@Finematics]

thanks!

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Looking back to this Im happy I invested in DeFi and still riding

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i Know what defi is but your video explaination is just nice to watch!

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Thanks! :)

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Congrats guys!

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[@Finematics]

Great to hear! Thanks :)

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[@Finematics]

thanks!

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Thank you

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I find myself here as a natural counter movement to the events of wsb vs wallstreet in January 2021. Seeing a centralized abuse of power like that, exposing a closed and corrupt system left me wanting to find out more about DeFi and DEx. They gives me hope for the future. Eye opening events like those will only accelerate the transition. Great video.

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