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DeFi is short for Decentralized Finance.

♦️DeFi is a permissionless, open alternative to the current traditional financial system.
♦️DeFi provides similar financial services like our current financial systems only without the need for intermediaries.
♦️DeFi systems are built on the blockchain and are run only by smart contracts.

DeFi systems are:
📌Permissionless
📌Trustless
📌Open-source
📌Secured
📌Non-custodial

♦️In this video, we talk about DeFi in simple understandable terms.
♦️We also go over the characteristics of DeFi

📚Soldex Global Academy - Your number one source for Crypto, DeFi, and Blockchain education. Here we explain crypto and DeFi terms using stories and simple illustrations so you can easily understand them.

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What is DeFi?

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The future is Decentralised!🔥

It has been predicted that DeFi will overtake CeFi in the future.👀 

Start your DeFi journey with our short explainer video on DeFi: 🚀

https://youtu.be/3l_ypxEHeZg

Like, subscribe, and let us know what you think in the comment section!!

The future is Decentralised. It has been predicted that DeFi will overtake CeFi in the future.