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    Summary of Darren Lau's How to DeFi: Beginner
    Summary of Darren Lau's How to DeFi: Beginner
    Summary of Darren Lau's How to DeFi: Beginner
    Ebook36 pages21 minutes

    Summary of Darren Lau's How to DeFi: Beginner

    By IRB Media

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    Get the Summary of Darren Lau's How to DeFi: Beginner in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: How to DeFi: Beginner, Second Edition, is the 2021 updated version of How to DeFi (March 2020). DeFi is an ecosystem of decentralized applications that provide financial services built on top of distributed networks with no governing authority. By April 2021, DeFi applications have locked up over $86 billion worth of cryptocurrencies in smart contracts.

    DeFi is expected to grow further in the coming years and is a key component in fulfilling Ethereum’s lofty vision and ambition. You will learn about the various elements of DeFi such as decentralized stablecoins, decentralized exchanges, decentralized lending, decentralized derivatives, decentralized insurance and more.

    LanguageEnglish
    PublisherIRB Media
    Release dateDec 3, 2021
    ISBN9781669340720
    Summary of Darren Lau's How to DeFi: Beginner
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of Darren Lau's How to DeFi - IRB Media

      Insights on Darren Lau's How to DeFi Beginner 2nd Edition

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 6

      Insights from Chapter 7

      Insights from Chapter 8

      Insights from Chapter 9

      Insights from Chapter 10

      Insights from Chapter 11

      Insights from Chapter 12

      Insights from Chapter 13

      Insights from Chapter 14

      Insights from Chapter 15

      Insights from Chapter 1

      #1

      DeFi is a movement that seeks to build a better financial system through the advent of the internet and blockchain technology, particularly in three key areas of the banking system: payment clearing system, accessibility, and centralization transparency.

      #2

      Direct foreign money transfers using cryptocurrencies are cheaper and faster than traditional bank transfers.

      #3

      The World Bank estimates that as of 2017, there are 1. 7 billion people who do not have bank accounts, and two-thirds of them have access to mobile phones. DeFi protocols don’t care about your bank account, they just want to give you access to money.

      #4

      DeFi, or decentralized finance, relies on open-source software that is easily auditable. It is a

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