1/ Thread: #DeFi For Dummies 002: #DeFi Basics.
DeFi is a hybrid #smartcontract that combines on-chain code with off-chain proofs.
DeFi relies heavily on cryptography and blockchain technologies.
#blockchain #DeFi
#smartcontracts
DeFi is a hybrid #smartcontract that combines on-chain code with off-chain proofs.
DeFi relies heavily on cryptography and blockchain technologies.
#blockchain #DeFi
#smartcontracts
4/ Thread: #DeFi For Dummies 002: #DeFi Basics
The #DeFi EcoSystem.
b) #Stablecoins:- Are cryptocurrencies created using smart contracts that are pegged to the US dollar eg Dai, USDT, USDC etc.
The #DeFi EcoSystem.
b) #Stablecoins:- Are cryptocurrencies created using smart contracts that are pegged to the US dollar eg Dai, USDT, USDC etc.
5/ Thread: #DeFi For Dummies 002:
d) #Derivatives:- Are #smartcontracts that derive their values from the performance of an underlying assets. Eg Synthetics.
d) #Derivatives:- Are #smartcontracts that derive their values from the performance of an underlying assets. Eg Synthetics.
5/ Thread: #DeFi For Dummies 002:
e) #MarginTrading:- Gives the users the ability to use borrowed funds to increase leverage for trading.
e) #MarginTrading:- Gives the users the ability to use borrowed funds to increase leverage for trading.
8/ Thread: #DeFi For Dummies 002:
g) #Oracles: Deliver Data feeds from real world data ti smart contracts. Eg. #Chainlink
g) #Oracles: Deliver Data feeds from real world data ti smart contracts. Eg. #Chainlink
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