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DeFi (DeFi Infrastructure, DeFi Risks & Opportunities, DeFi, DeFi) -…
DeFi
DeFi Infrastructure
History of DeFi
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CeFi problems
Centralized control
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non-financial centralization of tech giants (Amazon, Meta, Google)
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Inefficiency
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fraud, chargebacks, insecurity
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DeFi Foundations
Blockchain & hashing
Blockchain
are software protocols allow multiple parties to operate under shared assumptions and data without trusting each other
updates are packed into blocks and are chained together cryptographically to allow an audit of the prior history
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Smart contracts/Oracles
code that can create and transform arbitrary data or tokens on top of the blockchain of which it's a part
allow user to trustlessly encode rules for any type of transaction & even create scarce assets with specialized functionality
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