What is DEFI? Decentralized Finance Explained (Ethereum, MakerDAO, Compound, Uniswap, Kyber)

DeFi or decentralized finance is a movement that aims at making a new financial system that is open to everyone and doesn't require trusting intermediaries like banks. To achieve that defi relies heavily on cryptography, blockchain and smart contracts.
Smart contracts are the main building blocks of defi. If you don't know what smart contracts are or you want to refresh your knowledge you can pause this video and watch my introduction to smart contracts video first.
Smart Contracts Explained ► • CODE IS LAW? Smart Con...
It's worth noticing that currently most if not pretty much all of the defi projects are built on Ethereum. The main reason for this is the Ethereum's fairly robust programming language called Solidity that allows for writing advanced smart contracts that can contain all the necessary logic for the defi applications, besides that Ethereum has the most developed ecosystem across all the smart contract platforms with thousands of developers building new applications every day and the most value locked in smart contracts which create an additional network effect. In fact, all the defi protocols mentioned in this video are built on Ethereum.
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Post ► finematics.com/defi-explained/
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[@Finematics]

❓What is your favourite DeFi project? Comment down below 👍Hit the like button if you enjoyed this video 🐦Follow Finematics on Twitter ► twitter.com/finematics 💛Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics

[@mVpSlayer]

Elrond (eGOLD)

[@johndango4043]

Bitconnect

[@domaneroke5332]

mantraDAO (OM)

[@calvinhizkia3977]

Forsage

[@28annabel]

The rise of the DeFi economy can’t be swept aside any longer and Fusion is one of the key drivers of this inevitable rise. Fusion’s vision of an interoperable platform has endeared it to many DeFi projects. www.newsbtc.com/press-releases/the-10-must-read-defi-trading-tips/

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Im proud to be a student in the university of youtube

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You’re right to feel that way! In fact KZbin “U” is superior to legacy brick /mortar institutions. That is, those who know practice (and explain on YT), while those who don’t gain tenure within those tired halls

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You kind of need both. KZbin gives breadth of knowledge but it does not really provide depth. Nothing can substitute doing things yourself and doing the work yourself.

[@28annabel]

haha same here :)) I just want to say that as I can see #Anyswap is also a project with the future and it's way cheaper then #Uniswap you can see more here : cryptonews.com/news/anyswap-s-decentralized-cross-chain-swap-protocol-vs-central-7262.htm

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@@28annabel Vouch for Anyswap as well...very good platform and they recently added ETH so it is time for exchange!! :)

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Dude, go study for real. Don’t try to rationalize your favorite time-waste

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I see the cryptocurrency universe becoming a course in college and high school

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it already is! i go to university of san francisco and my comp sci friends have taken 1 or 2 classes in it

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It already is, some of universities in australia has blockchain courses

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You can find detailed recorded lectures from MIT on a bunch of crypto topics.

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Us old folks don't have to worry about classes, we get grandfathered in!

[@Senniemiec]

I work in CEFI and this is really eye opening. Traditional finance will have to change.

[@VoskCoin]

you're doing a great job w/ your channel and videos, keep it up!

[@Finematics]

thanks!

[@owenrobertson7831]

Facts, these videos are great

[@ruchitachaudhary9825]

Absolutely. Your channel is my main educational channel on defi

[@42JDD]

I love that you also give examples of the projects and link them together!

[@achromcapital8689]

I'm not a noob in DeFi, I was studying hard about it since 5-6 months ago. But you f*ck*d my mind in 12:23 minutes in an awesome mode. This is without dude the best information about DeFi that I founded on Internet. I can only say you congratulations and I spect that you'll continue doing this for decades.

[@almac2811]

Thank you so much for all the effort you put in making DeFi understandable for the common user. I already went through all your videos/articles in your DeFi guides and, although I'm not anything close to a programmer, I now have a better notion of the whole concept. Your work is solo valuable, I cannot thank enough. Cheers from Mexico.

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This is quite a lot to take in but I'm thankful you've thoroughly explained this. More power to this channel 😊

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This is the best YT vids I've seen providing a survey of a domain, thank you!

[@CarlKruse]

A good overview of the DeFi ecosystem.

[@Finematics]

Thanks Carl!

[@cristiancandela245]

Man one of the most valuable information around. Cheers!

[@davehickey2293]

This is the first DeFi.video I’ve watched and it was easy to follow, covered lots of ground so I felt it gave me an excellent intro to the space. Thank you very much!

[@Finematics]

Thanks Dave!

[@jeylful]

Thank you for this amazing content! You are doing a great service educating your KZbin audience! Cheers mate!

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I'm very new to this and only had knowledge around regular stocks. Your videos just made it so easy for me to understand this maybe complex world but very very full of hope. Thank you so much, keep up the great work!

[@everin4205]

Defi is the future we believe in! Thank you for the great explanation. We hope that this video helped a lot of people!

[@Finematics]

Thanks! :)

[@Showmetheevidence-]

Great video... but I'd argue DEFI is actually still just as expensive as CEFI for now. By the time you've paid to buy crypto, exchange coins, send coins and then withdraw back into fiat... the fees are pretty heavy.

[@WalterKaan]

Wow, super-clear. A compelling video. Just have to learn a bit more about contracts and come back to this one! Thanks Finematics.

[@Irgin]

Provided knowledge on this channel for free is astonishing! Thank you so much!

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I gotta say thank you sir, your explanation is high quality as same as the video. Really well done

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This is the video I send to my friends and family when they want to start learning about defi. It's really fantastic like all of your videos, thanks.

[@Finematics]

Awesome, great to hear!

[@arjoon]

Your channel is by far the best I've found on defi. Keep up the awesome work!

[@Finematics]

Thanks!!

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Fasting becoming my favourite channel. Keep up the great work.

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This def clears up quite a bit for me. I’m still a little hazy after watching as I wasn’t all that clear of the cefi world or the vocabulary in it. Thank you for the video.

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your works is beyond the greatness! thank you so much!

[@Finematics]

Thanks! You’re welcome :)

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Now that’s KZbin University 💯

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I'm here because my professor said there was no class today and linked this video calling it a lecture

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Great explained!!! Thank you 🙏

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Excellent. Clear. Overview. Thx!

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[@Finematics]

Thanks! Glad the videos are helpful :)

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Thank you for your education 🙏 Watching these have been very helpful in clearing up a lot of confusion for me.

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I got dizzy by watching this video.. so much information overheated my brain!

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Love the content! Thank you for producing such high quality content...

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Your videos are absolute gems. Much respect for the effort.

[@Finematics]

thanks!

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All regulatory bodies across the world need to watch this video (can you please make an updated one?). Hope this video gains enough rep from KZbin so that it recommends to everyone. Thanks! 🔥

[@starblazer13]

Came from Ivan's stream also. Keep up the great content. I will be forwarding your videos to my non crypto friends and your channel will grow organically.

[@Finematics]

Amazing, thanks!

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Came here from Ivan on Tech. Great little video on DeFi.💯🚀👍

[@Finematics]

Thanks Greggson! 🚀

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Good explanations, thanks!

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Had to watch this video x10 times to get my head around it all. But really very useful, thank you. 🧠

[@Finematics]

Thanks. Glad it was helpful!

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Thanks for the breakdown.

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Amazingly explained

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[@Finematics]

Thanks for the sub! :)

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Honestly man this video is killer! I learned a lot and I feel I understand defi now 🙏

[@Finematics]

thanks!! good to hear it was helpful :)

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Thank you for your efforts!

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Thank you, I did find the video very informative

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[@Finematics]

Thanks! :)

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[@Finematics]

thanks!

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[@Finematics]

Thanks Javier!

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[@Finematics]

thanks!

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[@Finematics]

You’re welcome! Thanks for subscribing!

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Great explanation 🔥

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[@Finematics]

Thanks! More videos coming soon :)

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[@Finematics]

Thanks!

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[@Finematics]

thanks!

[@al8-.W]

I was redirected here from your decentralized finance video, where I had already been redirected from your uniswap video, and I am about to get redirected to your smart contracts video. Gosh, I should just watch all in chronological order before I risk a stack overflow XD

[@tonyphueknien4078]

Its bcoz of my listening not good enough or the fintech technical terms, maybe. So I did not understand very well, anyhow this seem to be great for the next gen financial. I will be back to the class as much as I can. Thank you so much.

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[@Finematics]

Thanks! Great it was helpful :)

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[@Finematics]

Awesome, thank you! :)

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[@Finematics]

thank you! :)

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These are amazing videos and I share them with a lot of people. Would you be able to do ones on other use cases for Blockchain (ie Supply Chain, Voting, etc)?

[@ic3b3rgi23]

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[@Finematics]

thanks! DeFi is the future! 🚀

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This was helpful.

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[@Finematics]

thanks AJ!

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[@Finematics]

thanks!

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Super helpful, thanks!

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Thanks for producing this video

[@Finematics]

You're welcome!

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I find myself here as a natural counter movement to the events of wsb vs wallstreet in January 2021. Seeing a centralized abuse of power like that, exposing a closed and corrupt system left me wanting to find out more about DeFi and DEx. They gives me hope for the future. Eye opening events like those will only accelerate the transition. Great video.

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[@Finematics]

Welcome aboard! :)

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This was very great, Thank you! could you please explain more the final risk (subtle features/changes)?

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Very good and insiteful - thanks V much

[@Finematics]

Thanks Bob!

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This was amazing!!

[@Finematics]

thanks!

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[@Finematics]

Thanks! :)

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Very underated channel.. superb explanation:)

[@Finematics]

Thanks Amarjeetsingh!

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Amazing! Thanks for your effort.

[@Finematics]

Thanks! :)

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you should be a blockchain professor. i have not seen a better teacher. kudos

[@Finematics]

thank you! :)

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Seconded!! Excellenet explanations!

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Worth a million like video. Superb Mate :-)

[@Finematics]

Thanks! I'm glad you enjoyed!

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i Know what defi is but your video explaination is just nice to watch!

[@Finematics]

Thanks! :)

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Subbed!!

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Bro your videos are great!

[@Finematics]

thanks!

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ty for this video

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[@Finematics]

Great to hear! Thanks :)

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Great job. thank you.

[@Finematics]

Thanks! You're welcome

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Thanks homie

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Thank you 🙏

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Looking back to this Im happy I invested in DeFi and still riding

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High quality content!

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thanks!

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thanks!

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this Defi thing is really interesting...