Decentralized Finance Basics

What is DeFi? A Beginner’s Guide to Decentralized Finance in 2024

What is DeFi? A Beginner’s Guide to Decentralized Finance in 2024

Imagine a financial system that never sleeps. A global, open-source marketplace where you can borrow, lend, trade, and invest without ever needing a bank’s permission, filling out paperwork, or worrying about a central authority freezing your assets. This isn’t a futuristic fantasy; it’s happening right now, and it’s called Decentralized Finance, or DeFi.