So, what is a DeFi crypto project and where, actually, has everything begun?Д®verything started with Satoshi in 2008 when he pitched his whitepaper to the cypherpunks on the mailing list he was subscribed to. But this game has not always been that big. All the market-level information, say, the history of your crypto transactions, is transparent to all participants, although nobody knows (except for forensics maybe) that this history is yours.ДЄt the end of this summer, for the first time ever, DEXes (decentralized exchanges) built on Ethereum set three consecutive records, aggregating a volume of $11.6 billion in a matter of just one month, up from $4.5 billion in July. They are accessible to anyone with an Internet connection: every developer can fork your code, every person on Earth can sign up with your app.

Here it goes.Д¬rypto DeFi projects are interoperable for all dApps to be woven together on a technical level.

Second, DeFi is a nickname for a wide ecosystem of dApps for borrowing/lending, monetary banking, staking, trading and so much more вЂ“ built mostly on top of Ethereum and sometimes on other blockchains such as TRON or EOS.ДЄnd last but not least, itвЂ™s a movement with its leaders, crystal-clear logic, and philosophy. Why? This will help eliminate the problem of trust, excessive fees as well as single points of failure and control вЂ“ issues common for the long-established financial sector. First of all, itвЂ™s a community of libertarian-minded developers and startupers who aim to replace traditional banking with new distributed algorithms. DeFi in crypto might mean several things. LetвЂ™s play!Дecentralized Finance (DeFi for short) is a lot of things but one simple definition. Have you ever played Lego as a kid? If you like to piece things together, there is a good chance youвЂ™ll like DeFi, the fifteen-billion-dollar ecosystem of interconnected, strangely alike projects where big boys and girls lock their assets via smart contracts, provide liquidity, lend and borrow crypto assets, risk a lot of crypto вЂ“ to earn a lot of cryptoвЂ¦ or lose it.

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