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Summary of Erina Azmi's How to DeFi
Summary of Erina Azmi's How to DeFi
Summary of Erina Azmi's How to DeFi
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Summary of Erina Azmi's How to DeFi

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Get the Summary of Erina Azmi's How to DeFi in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: Decentralized Finance’s (DeFi) mission is clear: reinventing traditional finance's infrastructure and interface with greater transparency, accessibility, efficiency, convenience, and interoperability. By April 2021, there has been over $86 billion worth of cryptocurrencies locked up in the DeFi applications, 86 times larger than a year ago.

The traditional financial industry is getting rapidly disrupted and DeFi is reshaping the way global financial systems operate. In this book, you will learn about various decentralized financial primitives, such as stablecoins, exchanges, lending, insurance, derivatives, and more.

LanguageEnglish
PublisherIRB Media
Release dateNov 27, 2021
ISBN9781638158684
Summary of Erina Azmi's How to DeFi
Author

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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    Book preview

    Summary of Erina Azmi's How to DeFi - IRB Media

    Insights on Coin Gecko, Lucius Fang, Benjamin Hor, Erina Azmi and Win Win Khor's How to DeFi

    Contents

    Insights from Chapter 1

    Insights from Chapter 2

    Insights from Chapter 3

    Insights from Chapter 4

    Insights from Chapter 5

    Insights from Chapter 6

    Insights from Chapter 7

    Insights from Chapter 8

    Insights from Chapter 9

    Insights from Chapter 10

    Insights from Chapter 11

    Insights from Chapter 12

    Insights from Chapter 1

    #1

    The rise of Decentralized Finance took the crypto world by surprise during the summer of 2020. Total Value Locked, a measure of the amount of capital locked inside DeFi protocols, has been growing at an exponential rate.

    #2

    The year 2020 was characterized by the launches of many key DeFi projects. Many of these projects utilized liquidity mining programs to attract users and generate revenue.

    #3

    The total value locked in the DeFi ecosystem crossed $86 billion in April 2021. The more value that is locked up in a protocol, the better it is for the protocol.

    #4

    As the gas price continued to climb, more and more people began looking for cheaper alternatives to Ethereum-based DeFi. Some of these alternatives include moving to Layer-2 smart contracts such as Optimism, Arbitrum, and zkRollups, or alternative Layer-1 chains such as Binance’s Smart Chain or Solana.

    #5

    The increased media attention on the crypto market has also

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