Lecture 2: How DeFi Works (Real-World Examples)
DeFi runs on smart contracts (programs) on blockchains like #Ethereum .
Example:
▪️ You deposit 1 $ETH into a lending app.
▪️ The smart contract locks your ETH safely.
▪️ Someone else borrows your #ETH and pays you 5% interest automatically.
Popular DeFi Apps:
▪️ Uniswap = Swap tokens (like a decentralized exchange)
▪️ Aave = Lend or borrow #crypto
▪️ Curve = Trade stablecoins with low fees
▪️ MakerDAO = Borrow DAI (a stablecoin) against your crypto
Smart contracts = Trust the code, not people.
Buy and Trade $ETH here
