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A Beginner’s Guide to Decentralized Finance (DeFi)

Ready to take a deep dive into blockchain industry's latest wave of innovation? Read our beginners course to get started with DeFi and acknowledge yourself with yield farming, flash loans, and other decentralized financial instruments!

Course Roadmap

DeFi Glossary: Learning the Slang

The DeFi segment is infamous for its alien slang. Take a quick look at our glossary to acquaint yourself with new concepts and definitions.

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Lesson
2

What is DeFi?

What is the core mechanism of Decentralized Finance and which elements constitute its driving forces?

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Lesson
3

How Blockchain Tech Fits into DeFi

How does blockchain technology fit into the DeFi landscape and why are smart contracts and gas fees important for understanding DeFi?

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Lesson
4

What Is a Decentralized Exchange?

Decentralized exchanges took the world by the storm. No longer are crypto users forced to trade on centralized exchanges. With the help of DeFi, traders can swap tokens near-instantly.

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Lesson
5

What Is An AMM (Automated Market Maker)

An Automated Market Maker is a smart contract that exchanges liquidity between token swappers and and liquidity providers on a decentralized exchange.

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Lesson
6

What Is Liquidity Mining?

Liquidity mining is a passive income model with which investors utilize existing crypto assets to generate more cryptocurrencies on DeFi platforms.

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Lesson
7

What Is Yield Farming?

Yield farming is a popular decentralized financial instrument in DeFi that yields capital by extracting value from providing liquidity to decentralized exchanges.

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Lesson
8

What Are Flash Loans?

Flash Loans enable crypto users to create a loan without having to provide collateral in return. The process is entirely decentralized and does not require any kind of KYC documentation.

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Lesson
9

What Are Wrapped Tokens?

Wrapped tokens (like wrapped Bitcoin) are assets that represent a tokenized version of another crypto asset. For example, a cryptocurrency like WBTC is simply the ERC-20 version of the real Bitcoin, whose price is pegged to BTC.

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Lesson
10

What Are Governance Tokens?

Governance tokens are cryptocurrencies that represent voting power on a DeFi protocol. Popular tokens include YFI, UNI, AAVE, etc.

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Lesson
11

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