Introduction to DeFi

The rise of Decentralized Finance (DeFi) has prompted a growing conversation around how it compares to the traditional financial (TradFi) systems we use daily, such as banks, brokerage firms, and insurance providers. Understanding these differences can help individuals better navigate and leverage the opportunities that DeFi presents. What is Traditional or Centralized Finance (TradFi or…

Decentralized Finance, commonly known as DeFi, refers to financial services and products built on blockchain technology. Unlike traditional financial institutions such as banks and brokerage firms, DeFi operates without centralized intermediaries, using blockchain networks—primarily Ethereum—to facilitate peer-to-peer financial transactions. Why is DeFi Important? DeFi has become a significant disruptor in the financial industry, offering greater…