DeFi & Web3

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What is DeFi & How Does It Work?

Decentralized Finance (DeFi) removes intermediaries from banking and financial services, offering lending, borrowing, and trading opportunities powered by smart contracts. It democratizes access to financial services globally.

Decentralized Exchanges vs. Centralized Exchanges

DEXs provide self-custody and transparency but require users to manage their own security. CEXs offer user-friendly interfaces and customer support but rely on third parties. Choosing between them depends on user preference and security needs.

Yield Farming & Staking: Generating Passive Income

DeFi platforms reward users who provide liquidity or stake assets. Yield farming and staking can generate high returns but come with risks like impermanent loss and smart contract vulnerabilities.

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