Wiser Than Yesterday: Book club Investing: What is Decentralized Finance or DeFi
Decentralized Finance or DeFi Decentralized Finance offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks. Instead, it uses smart contracts on a blockchain. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. DeFi uses a layered architecture and highly composable building blocks. Some applications promote high interest rates but are subject to high risk. In this episode, Nico and Sam thoroughly explained what is DeFi all about, the importance and risks involved, how it works and so much more!
Wiser Than Yesterday
Nico and Sam set out to read the world's best books, from philosophy to sci-fi, economics to who knows what.
Sam Webster Harris
👋 LinkedIn - Sam Harris
🧠 Psychology Pod - Growth Mindset Psychology
🚀 New Pod - How to Change the World
Nicolas Vereecke
👋 LinkedIn - Nico Vereecke
🤖 AI world domination - Evil Plan Inc
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How to Change the World: The History and Future of Innovation
Available on all podcast players:
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