Decentralized finance (DeFi) is changing the way people interact with their money. However, we know it can be a lot to take in. Don’t worry, because we’ve put together this quick guide to give you jump start. Start making money on DeFi in 4 steps If you’re familiar with Ethereum, these steps will only take …
You’re probably familiar with traditional cryptocurrency exchanges like Coinbase or Binance. And, you probably know that these exchanges are run by central authorities which hold your funds in custody while you trade. This puts your money out of your control and at risk of theft. But did you know that many decentralized exchanges or DEXs …
A decentralized exchange, or DEX for short, is like a stock exchange run by a smart contract on the Ethereum blockchain. Although both allow you to trade assets, a decentralized exchange trades cryptocurrency only and so does not require a centralized authority to operate. Instead, a decentralized exchange uses a smart contract to enforce the …
