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DEFI

Decentralized Finance

• relies on cryptography, blockchain and smart contracts
• a movement to re-invent a new financial system that is open to everyone and that doesn't required trusting intermediaries

Most DEFI projects are built in Ethereum — because of robust programming language called Solidity

• most developed eco-system across all smart contract platforms

Disrupting traditional finance — predominantly build on Ethereum currently

Historical

Lending and Borrowing

MAKERDAO: founded in 2015, allows users to lock in collateral and follow the price of the US dollar

Compound: the biggest DEFI project ~$630 million locked in the protocol

• algorithmic, autonomous system — interest rate protocol
• supply assets like ether, tether and start making interest
• supply assetes can also act as colletaral

Stable Coins