Section 04
DeFi
Trading, lending and earning with smart contracts instead of banks, and the risks that come with it.
Start with “What is DeFi?”3 lessons · about 15 minutes in total
- 1What is DeFi?DeFi (decentralized finance) recreates financial services such as trading, lending and borrowing using smart contracts anyone can access with a wallet.Beginner5 min read
- 2Liquidity poolsA liquidity pool is a pot of tokens in a smart contract that traders swap against. People who supply the tokens earn a share of trading fees.Intermediate5 min read
- 3Staking, explainedStaking means locking up coins to help secure a proof-of-stake network in exchange for rewards, with some risks and waiting periods attached.Beginner5 min read
Terms you’ll meet in this section
Next section: Security & Scams