What is DeFi?

Decentralized Finance (DeFi) refers to financial services built on blockchain without traditional intermediaries.

Key DeFi Concepts

Lending & Borrowing

Platforms like Aave and Compound allow you to lend crypto and earn interest, or borrow against collateral.

Decentralized Exchanges (DEXs)

Trade directly from your wallet on Uniswap, PancakeSwap, or SushiSwap.

Yield Farming

Provide liquidity to earn trading fees and token rewards. APYs range from 5% to 100%+.

Staking

Lock tokens to secure networks and earn rewards (typically 4-15% annually).

Popular DeFi Platforms

• Uniswap: Leading DEX on Ethereum
• Aave: Lending and borrowing
• Curve: Stablecoin trading
• Lido: Liquid staking for ETH

Risks

• Smart contract bugs
• Impermanent loss
• Rug pulls and scams
• High gas fees

Always research protocols thoroughly and start small!