🧑🏫 Lesson 13: What is DeFi? 🏦🤖
DeFi is finance without bankers and offices.
All processes (loans, exchanges, income) are in code, through smart contracts 📜
⚙️ How does it work?
• 💧 Liquidity pools: give tokens — receive a share of the fees
• 💸 Loans: borrow without approval, fast and easy
• 🌾 Farming: earn rewards for participating in the protocol
⚠️ Risks and benefits
• 🐞 Possible bugs in the code
• 🎭 Fraudulent projects
• 💰 But the income is higher than that of traditional banks
🧩 Conclusion
#DeFi is freedom, auto-finance, and the possibility of passive income.
But the main thing is to study the protocols and be attentive 👀