Struggling to Grasp. Any Basic help on this would be welcomed

Hey everyone. So intrigued about Defi, in simple terms what i have gathered so far is its another platform of Decentralised Exchanges where they work with ETH in a way to interact with Smart Contracts, Dapps etc…

What are the main reasons why this is something we should all be getting our heads around DEFI?

I’ve not finished all of 101 yet but so far i under stand Dapps. I get that. Really struggling with The loaning borrowing stable-coins etc. i probably will need to watch these a few times and take some time with them.

What im asking is if some one was in the same position as me in the past maybe you can put a few sentences down of simplifying this out a little.

Cheers all.

Great Forum

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Best way to get a good understanding is to write a summery of the concept you do understand.
You can share this and then other people can again learn from you :slight_smile:

The hardest concept to understand is why would people borrow money with money they already have?
The simple answer is exposure to other asses classes.
you can create an almost free leveraged position while getting exposure to one asset class when using the lending and borrowing option.

When looking at this concept keep in mind that: Over collateralize loans are the hello world of decentralized financial system … so we still have a long way yo go :slight_smile: But amazing developens are happening right now.

When your done with DeFi 101 be sure also to follow DeFi 201

See here a summery of the ecosystem I wrote when I was studying.

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Thanks Amadeo, the Course is great and you go in to great detail. I will probably chop it down in to 20 min sessions …

Thanks for the reply once again.

Rob

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Hi

I would say because it is the future of money and all smart contrcacts/Dapps coming of the network will benefit future adoption. It depends why you are interested in Crypto , if it is to be a developer then this is key to know the way things are moving and maybe somehwhere in there you will find your prefereed area. For me its financial and also finding a niche rea i can code and start a Dapp. I am sure there are many other replies you may get which may have a different angle to me, maybe more technical it all depends what angle we want out of this…good luck

Thanks @Crypto_Mark_007 as the days/weeks are going forward i am most definatley now getting my head around it. We can now buy a token and start owning that right before it even goes to the exchanges due to the likes of Uniswap etc. Thanks again @amadeobrands

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