I want to participate in defi, but dammit, why is it so confuse.
I watched a video about defi from this guy and didn’t understand a single thing.
Should i just start with simpler playlist from Khan Academy then, cause in this stage, nothing make sense.
Is there any course i can take, so i can understand what you guys talking about?
2 thoughts on “Are there any Absolute beginner resources to defi, cause the one in the mega-theard doesn’t sound click to me.”
A good place to start is whiteboard crypto he has lots of videos for beginners
The Khan Academy playlist is about Traditional Finance (TradFi) not Decentralized Finance (DeFi).
Decentralized Finance (DeFi) is a category of Cryptocurrency protocols, smart contracts, and applications that enable users to trade, borrow, lend or stake (think save but slightly different) cryptocurrency assets without needing to get approval from any person or bank.
In TradFi, you have to get permission from a bank or other lending agency in order to deposit or borrow funds. DeFi is permissionless, all you do is go to the app (website), connect a DeFi wallet (usually a browser extension or phone app), and then approve any transactions you want to make.