What is DeFi? A Comprehensive Breakdown of Decentralized Finance.

In this episode, we give a comprehensive breakdown of decentralized finance, also known as DEFI. We talk about automated market makers, liquidity pools, yield farming, and more. It allows you to save, borrow, and trade without financial services… All made possible on Ethereum.

Keep an eye out for Bittrex Global’s listing of the most popular DeFi tokens, where you can trade without gas fees!

Check them out at: https://global.bittrex.com/discover/defi

Timeline:
0:00 - Decentralized Finance (DeFi) Intro
1:45 - Centralized Exchange (CEX) vs Decentralized Exchange (DEX)
2:45 - Automated Market Makers (AMM) & Liquidity Pools
4:11 - Price Oracles
5:09 - Compound Finance & Yield Farming
6:42 - Conclusion & Final Thoughts

#DeFi #Ethereum #yieldfarming

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