{"id":5047,"date":"2021-06-01T11:46:23","date_gmt":"2021-06-01T11:46:23","guid":{"rendered":"https:\/\/3.26.50.104\/?page_id=5047"},"modified":"2021-08-05T00:53:53","modified_gmt":"2021-08-05T00:53:53","slug":"what-is-defi-decentralised-finance","status":"publish","type":"page","link":"http:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/","title":{"rendered":"What is DeFi (Decentralised Finance)?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5047\" class=\"elementor elementor-5047\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-518ea79 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"518ea79\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6ece636\" data-id=\"6ece636\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-63d9c0b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"63d9c0b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e0a375d\" data-id=\"e0a375d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fd62a8f elementor-widget elementor-widget-html\" data-id=\"fd62a8f\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<a style=\"color: #FFFFFF; \" href=\"javascript:history.go(-1)\" onMouseOver=\"self.status.referrer;return true\">\u2190 Back<\/a>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3648b45 elementor-widget elementor-widget-heading\" data-id=\"3648b45\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is DeFi (Decentralised Finance)?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bc64d8e\" data-id=\"bc64d8e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-edbe14c elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"edbe14c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"262\" height=\"154\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/DeFI_visual.png\" class=\"attachment-full size-full\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-db39c71 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"db39c71\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-bfde851\" data-id=\"bfde851\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50b7d86 elementor-widget elementor-widget-heading\" data-id=\"50b7d86\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Definition<\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-96acc2f elementor-widget elementor-widget-text-editor\" data-id=\"96acc2f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Decentralised finance (DeFi) recreates financial services like insurance, loans &amp; savings accounts on Blockchain networks outside the control of banks, governments &amp; companies.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ac5dc5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ac5dc5\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e09303 before-icon-bi\" data-id=\"6e09303\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f977fd4 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"f977fd4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"66\" height=\"109\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/location.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bf332b elementor-widget__width-auto elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"5bf332b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Understanding DeFi\n<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d87b44 elementor-widget elementor-widget-text-editor\" data-id=\"3d87b44\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><strong>DeFi<\/strong> refers to a wide range of financial services that are built on top of <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-blockchain\" target=\"_blank\" rel=\"noopener\">Blockchain networks<\/a> that <strong>do not<\/strong> require a <strong>third party<\/strong>. With DeFi you can do the things that banks allow you to do, such as borrow, lend, earn interest, buy insurance and trade assets in a faster, cheaper and more secure way that doesn\u2019t require any paperwork or bank fees.<br \/><span style=\"color: var( --e-global-color-text ); background-color: var( --e-global-color-c530ec8 ); text-align: inherit; font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><br \/>Unlike traditional centralised finance (CeFi), DeFi makes financial services available to<\/span><span style=\"color: var( --e-global-color-text ); background-color: var( --e-global-color-c530ec8 ); text-align: inherit; font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">\u00a0<\/span><strong style=\"color: var( --e-global-color-text ); background-color: var( --e-global-color-c530ec8 ); text-align: inherit; font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">anyone<\/strong><span style=\"color: var( --e-global-color-text ); background-color: var( --e-global-color-c530ec8 ); text-align: inherit; font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">\u00a0<\/span><strong style=\"color: var( --e-global-color-text ); background-color: var( --e-global-color-c530ec8 ); text-align: inherit; font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">with an internet connection<\/strong><span style=\"color: var( --e-global-color-text ); background-color: var( --e-global-color-c530ec8 ); text-align: inherit; font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">, empowering the billions of unbanked people around the world in an unprecedented way.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eee82c2 elementor-widget elementor-widget-heading\" data-id=\"eee82c2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is DeFi?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba80bc8 elementor-widget elementor-widget-text-editor\" data-id=\"ba80bc8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>In technical terms, DeFi is an <a href=\"https:\/\/www.benefitz.co.nz\/blog\/web\/what-is-open-source-technology\/\">open source<\/a>, permissionless and transparent financial service ecosystem that uses <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\" rel=\"noopener\">cryptocurrencies<\/a> instead of regular fiat currency.<br \/><span style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\"><br \/>DeFi allows users to enjoy a wide range of financial services while maintaining <\/span><strong style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\">full control<\/strong><span style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\"> over their data and assets. People interact with the ecosystem through direct <\/span><a style=\"font-size: inherit; text-align: inherit; font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\" href=\"https:\/\/academy.binance.com\/en\/articles\/peer-to-peer-networks-explained\">peer-to-peer (P2P)<\/a><span style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\"> exchanges and <a href=\"https:\/\/dappradar.com\/\" target=\"_blank\" rel=\"noopener\">DApps (<\/a><\/span>decentralised applications) <span style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\">that are not controlled by any central power.<br \/><\/span><span style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\"><br \/>Some of the real world use-cases and <\/span><a style=\"font-size: inherit; text-align: inherit; font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\" href=\"https:\/\/defiprime.com\/#defi_projects\">examples of DeFi<\/a><span style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\">\u00a0include (but are not limited to):<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c83b4e list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"5c83b4e\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Open borrowing\/lending platforms<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Interest earning opportunities <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Decentralised insurance and trading exchanges<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Improved data, asset &amp; supply chain management <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Faster, more secure &amp; completely automated payments &amp; contracts <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">More efficient voting &amp; identity services <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Wealth protection & inflation resistant savings <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Enhanced social media &amp; content distribution<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-397911c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"397911c\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d4616f\" data-id=\"9d4616f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-878107f elementor-widget elementor-widget-image\" data-id=\"878107f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"241\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/illustration-body.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/illustration-body.png 680w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/illustration-body-300x106.png 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4d4d6b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4d4d6b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fd03b55\" data-id=\"fd03b55\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-eac0b1b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eac0b1b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-bf16f1a\" data-id=\"bf16f1a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-632f9b7 elementor-widget elementor-widget-heading\" data-id=\"632f9b7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Key Takeaways\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-200c7a4 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"200c7a4\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">DeFi is the notion that crypto entrepreneurs can recreate <b>traditional financial services <\/b>outside the control of banks, governments &amp; companies<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">DeFi breaks a range of financial services into separate but interconnected pieces that work together in an open, permissionless ecosystem online (like the Ethereum network). <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">DeFi is a financial system that uses crypto <b>instead <\/b>of fiat money, offering us a better alternative to the outdated &amp; inefficient processes of today. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">DeFi is the first system that gives people <b>true financial autonomy &amp; ownership<\/b> over our assets.  <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Most DeFi projects, cryptocurrencies and decentralised applications (DApps) are built on the Ethereum blockchain, however, DeFi is in no way limited to just Ethereum. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Many of financial services we enjoy are not accessible to <b>billions <\/b>of people around the world. DeFi makes these services accessible by anyone, from anywhere. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The easiest way to invest in DeFi is simply to buy and hold Ethereum (though there are many ways to get involved). <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f11d0e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f11d0e4\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f8df688\" data-id=\"f8df688\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f06defe elementor-widget elementor-widget-image\" data-id=\"f06defe\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"464\" height=\"506\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/img2.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/img2.png 464w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/img2-275x300.png 275w\" sizes=\"auto, (max-width: 464px) 100vw, 464px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-56cee9d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"56cee9d\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ddeb806\" data-id=\"ddeb806\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-685507c elementor-widget elementor-widget-heading\" data-id=\"685507c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Did this answer your question?\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-524a91c elementor-widget__width-auto likedislikebtncustom-mi elementor-widget elementor-widget-shortcode\" data-id=\"524a91c\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5047\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-theme=\"custom\"  data-btn_size=\"31\"  data-icon_l=\"thmb7-u\"  data-icon_d=\"thmb7-d\"  data-icon_size=\"30\"  data-icon_l_c=\"#34c2e8\"  data-icon_l_c_v=\"#34c2e8\"  data-icon_d_c_v=\"#34c2e8\"  data-f_size=\"15\"  data-show_like_label=\"false\"  data-icon_like_show=\"false\"  data-counter_type=\"single_number\"  data-tooltip_enabled=\"false\"  data-white_label=\"true\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/\"  data-item_title=\"What is DeFi (Decentralised Finance)?\"  data-item_date=\"2021-06-01T11:46:23+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1c1ed22 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1c1ed22\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e525754\" data-id=\"e525754\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dc93044 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"dc93044\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ready to start trading the easy way ?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38d3140 elementor-align-center gradiant-btn-bi elementor-widget elementor-widget-button\" data-id=\"38d3140\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" class=\"elementor-button-link elementor-button elementor-size-md elementor-animation-shrink\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Sign up with Digital Surge<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-579e7f6 elementor-widget elementor-widget-heading\" data-id=\"579e7f6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Simple. Safe. Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-751118c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"751118c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2382442\" data-id=\"2382442\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea007f7 elementor-widget elementor-widget-text-editor\" data-id=\"ea007f7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a>\u00a0is the easiest way for Australians to\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">buy, sell &amp; store over 250+ cryptocurrencies<\/a>. With extremely low fees, a uniquely user-friendly interface and a customer-support team you can rely on, getting involved in crypto has never been easier.\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">Sign up<\/a>\u00a0today and enjoy safe, stress-free trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65bcb75 elementor-widget elementor-widget-text-editor\" data-id=\"65bcb75\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><i>Crypto-curious? The time you spend here will be the best investment you ever make.<\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9f15b29 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9f15b29\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-711753f\" data-id=\"711753f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22b6172 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"22b6172\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-75af811 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75af811\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-051d9ec\" data-id=\"051d9ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc5abc2 elementor-widget elementor-widget-heading\" data-id=\"fc5abc2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Tell me more...<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0a3397 elementor-widget elementor-widget-heading\" data-id=\"d0a3397\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#core-benefits-of-defi\">What are the core benefits of DeFi? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f91fc39 elementor-widget elementor-widget-heading\" data-id=\"f91fc39\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#difference-between-defi-and-cefi\">What is the difference between decentralised finance (DeFi) and centralised finance (CeFi)?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddccbd2 elementor-widget elementor-widget-heading\" data-id=\"ddccbd2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-a-smart-contract\">What is a smart contract? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3973264 elementor-widget elementor-widget-heading\" data-id=\"3973264\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-dapp\">What is a DApp? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-716c09f elementor-widget elementor-widget-heading\" data-id=\"716c09f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-can-defi-help-the-developing-world\">How can DeFi help the developing world?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4588c4 elementor-widget elementor-widget-heading\" data-id=\"f4588c4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-does-crypto-and-defi-act-as-a-safe-place-to-store-money\">How does crypto & DeFi act as a safe place to store your money? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9eef855 elementor-widget elementor-widget-heading\" data-id=\"9eef855\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#relationship-between-defi-and-ethereum\">What is the relationship between DeFi and Ethereum? \n\n<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48f5d14 elementor-widget elementor-widget-heading\" data-id=\"48f5d14\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-do-you-invest-in-defi\">How do you invest in DeFi?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea48a27 elementor-widget elementor-widget-heading\" data-id=\"ea48a27\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#things-to-consider-before-investing-in-defi\">Things to consider before investing in DeFi<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6dff989 elementor-widget elementor-widget-heading\" data-id=\"6dff989\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#relationship-between-defi-and-bitcoin\">What is the relationship between DeFi and Bitcoin?  <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71859d3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71859d3\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a71a75\" data-id=\"2a71a75\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5244f0b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5244f0b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8551f93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8551f93\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d362f85\" data-id=\"d362f85\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef9c109 elementor-widget elementor-widget-menu-anchor\" data-id=\"ef9c109\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"core-benefits-of-defi\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7d7410 elementor-widget elementor-widget-heading\" data-id=\"f7d7410\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are the core benefits of DeFi? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8c53ec elementor-widget elementor-widget-text-editor\" data-id=\"c8c53ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>One of the best ways to understand DeFi and why it\u2019s all-the-rage right now is by taking a look at some of the advantages it offers everyday people. These include: \u00a0<\/p><ul><li><strong>Democratised finance<\/strong> \u2013 People without bank accounts (or those who want real financial autonomy) can access a wide range of financial services. Many in developing countries will go straight to DeFi without ever dealing with a major bank.<br \/><br \/><\/li><li><strong>Security and transparency<\/strong> \u2013 By splitting the financial services industry up, the system loses many of its weak points and becomes far more transparent, meaning more power to the people and less shady business behind the scenes.<br \/><br \/><\/li><li><strong>No need for third parties<\/strong> \u2013 Say goodbye to third parties who charge you for every financial service you access. This is a huge step towards more independence and freedom for the everyday person.<br \/><br \/><\/li><li><strong>Innovation through competition<\/strong> \u2013 Because anyone can build a DApp to integrate with other DApps, and anyone can access this system, the DeFi market will be extremely competitive, innovative and consumer-friendly. The interdependence between DApps means they can keep adding value to each other and evolving rapidly.<br \/><br \/><\/li><li><strong>New &amp; novel applications <\/strong>\u2013 There are many novel and mind-boggling things you can do with Blockchain, crypto and DeFi. It\u2019s still early days but the potential and scope of this movement is hard to fathom. <br \/><br \/><\/li><li><strong>Cheaper<\/strong> \u2013 Because DApps can offer services autonomously and without a third party, they can also offer them at much lower cost than their centralised equivalents (banks, insurance companies, etc.)<br \/><br \/><\/li><li><strong>The ability to generate interest on assets and invest in <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-blockchain\" target=\"_blank\" rel=\"noopener\">Blockchain technology<\/a><\/strong> \u2013 There are countless ways DeFi allows the average person to earn passive income or invest in Blockchain technology beyond just buying cryptocurrencies.<\/li><\/ul><p>The list of DeFi\u2019s advantages is rapidly growing and is a major reason why the next decade will see much of the global financial system move from centralised finance to DeFi. Check out our comprehensive guide on <a href=\"https:\/\/digitalsurge.com.au\/education\/why-the-world-needs-cryptocurency\" target=\"_blank\" rel=\"noopener\">why the world needs cryptocurrency.\u00a0<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b6262e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b6262e6\" data-element_type=\"section\" id=\"content-1\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60fa4dc\" data-id=\"60fa4dc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2c293e elementor-widget elementor-widget-menu-anchor\" data-id=\"c2c293e\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"difference-between-defi-and-cefi\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5ac06b elementor-widget elementor-widget-heading\" data-id=\"b5ac06b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is the difference between decentralised finance (DeFi) and centralised finance (CeFi)?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb564da elementor-widget elementor-widget-text-editor\" data-id=\"eb564da\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>In traditional centralised finance (CeFi), almost everything related to money is done through non-transparent central entities and intermediaries like banks and governments.<\/p><p>Currently, central banks create money while commercial banks hold your money (and charge you a fee for the privilege of doing so). Then, via intermediaries and third parties, like insurance companies and the banks themselves (who also take their cut), we are provided with the financial services we rely on such as insurance, loans, banking services, savings accounts, etc.<\/p><p>Bitcoin begun the DeFi shift by taking the process of money creation away from central banks and putting it online where anyone could create it. Bitcoin also allowed you to have <strong>full ownership<\/strong> of your money, which meant being able to securely store and send it anywhere you wanted without paying exorbitant fees or needing a bank to be involved.<\/p><p>DeFi is doing something similar but with <strong>every financial service<\/strong> you can think of. It is open source, permissionless, transparent and far more efficient than centralised finance (which charges high fees and is not accessible to a huge portion of the world).<\/p><p>It won\u2019t happen overnight but DeFi is poised to evolve and grow into something that will disrupt, and one-day replace CeFi and many traditional financial institutions.<\/p><p><em>Note: \u201cOpen source\u201d refers to software that is collaboratively produced, shared freely, and developed for the good of a community rather than for a business, single company or person.\u00a0The <\/em><a href=\"https:\/\/www.bigcommerce.com\/ecommerce-answers\/what-open-source-and-why-it-important\/\"><em>advantages of open source technology<\/em><\/a><em> are countless and the\u00a0open source\u00a0movement is the reason that technology has developed at such a breakneck pace for the past few decades.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3912e3a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3912e3a\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-32140f9\" data-id=\"32140f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-436ad89 elementor-widget elementor-widget-menu-anchor\" data-id=\"436ad89\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-a-smart-contract\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b03047 elementor-widget elementor-widget-heading\" data-id=\"4b03047\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is a smart contract?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16d3123 elementor-widget elementor-widget-text-editor\" data-id=\"16d3123\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>In order to create a decentralised and secure system where financial services can be offered outside of traditional institutions, DeFi relies heavily on <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\" target=\"_blank\" rel=\"noopener\"><strong>smart contracts<\/strong><\/a>, which are <strong>the main building blocks of DeFi. <\/strong><\/p><p><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\" target=\"_blank\" rel=\"noopener\">Smart contracts<\/a> allow two parties to undertake some form of exchange or action. This could be anything from money transfers to property transfers to insurance claims to voting to supply chain management.<\/p><p><strong>Smart contracts<\/strong> are essentially <strong>self-executing contracts<\/strong> built on the Ethereum network in which the terms of the agreement are written in code. Smart contracts aim to <strong>replace all contractual agreements<\/strong> as we know them today with self-executing, fully autonomous, highly secure digital agreements.<\/p><p>They exist across a distributed, decentralised\u00a0Blockchain\u00a0network which allows the contract to be legitimate, trackable and irreversible, while the code controls the execution of the contract when the terms are met. Smart contracts are secure, transparent, autonomous, automated, third party free and highly efficient &amp; accurate when compared with regular contracts.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bfa7fe1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bfa7fe1\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c5928ee\" data-id=\"c5928ee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-227be0b elementor-widget elementor-widget-menu-anchor\" data-id=\"227be0b\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-dapp\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a9787d elementor-widget elementor-widget-heading\" data-id=\"0a9787d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is a DApp?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-898bb34 elementor-widget elementor-widget-text-editor\" data-id=\"898bb34\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>DApps (decentralised applications) are essentially <strong>a series of linked <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\" target=\"_blank\" rel=\"noopener\">smart contracts<\/a><\/strong> that are built on decentralised technology (rather than being owned and controlled by a single, centralised entity or company).\u00a0<\/p><ul><li>A smart contract on its own can only be used for one type of transaction, however, a DApp can combine multiple smart contracts together to do more sophisticated things, often adding a friendly interface on top of a contract in the same way that regular apps do today.<br \/><br \/><\/li><li>As network hacks have become more frequent in recent years, the need for individual ownership and better management and security of data and assets has become a growing concern.<br \/><br \/><\/li><li>As DApps are built on a Blockchain-enabled distributed public ledger, they offer <strong>true ownership<\/strong> of content and assets, added security that doesn\u2019t rely on a bank or third party, and records that cannot be tampered with.\u00a0<\/li><\/ul><p>In theory, DApps are much cheaper to run than traditional centralised applications and can interact with one another in a way that will bolster collaboration and innovation.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ada0016 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ada0016\" data-element_type=\"section\" id=\"content-3\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0161c79\" data-id=\"0161c79\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8245223 elementor-widget elementor-widget-menu-anchor\" data-id=\"8245223\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-can-defi-help-the-developing-world\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e8fedc elementor-widget elementor-widget-heading\" data-id=\"9e8fedc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How can DeFi help the developing world?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52083af elementor-widget elementor-widget-text-editor\" data-id=\"52083af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Along with our current financial system being fragile, outdated and downright expensive to use, there are <strong>1.7 billion unbanked<\/strong> people in the world. That\u2019s a whole lot of people without access to the banking and financial services that we take for granted.<\/p><p>It\u2019s hard for many of us to imagine what it would be like to not have a bank account, but I don\u2019t think I\u2019d feel very safe with my life savings stashed under my mattress, especially if my country had an extremely precarious economy.<br \/><span style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); background-color: var( --e-global-color-c530ec8 ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><br \/>In addition to paving the way for the next generation of financial services, DeFi provides a wealth of possibilities for both developing and developed countries.<\/span><\/p><p><strong>For example<\/strong>, there are DeFi platforms that allow you to lend, borrow, margin-trade, and trade without permission from an intermediary or third-party. You can even use your digital assets (Ether on the Ethereum Blockchain for example) as collateral for a loan or micro-loan and you can expect to pay much lower interest and fees than with a regular bank.<\/p><p>Having a lack of access to capital and loans makes it incredibly difficult for the unbanked of the world to pull themselves out of poverty. And that\u2019s where DeFi comes in.<\/p><p>DeFi can open the doors to capital and economic growth for many people around the world, something that is badly needed and completely unprecedented in human history.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ab8dac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ab8dac\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a92f8c2\" data-id=\"a92f8c2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a486f7 elementor-widget elementor-widget-menu-anchor\" data-id=\"6a486f7\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-does-crypto-and-defi-act-as-a-safe-place-to-store-money\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-110341a elementor-widget elementor-widget-heading\" data-id=\"110341a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How does crypto & DeFi act as a safe place to store your money?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b54f5c elementor-widget elementor-widget-text-editor\" data-id=\"9b54f5c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>In the past, if you needed banking or financial services you had to be approved (and charged a premium) by a financial intermediary or third party. Not with DeFi. With access to the internet, you have access to financial services and a safe place to store your money \u2013 a huge shift for many in the developing world.<\/p><p>Bitcoin and cryptocurrency, as a store of value, has already played an important role in countries whose currencies have become practically worthless due to hyper-inflation and economic strife (Venezuela, for example).<\/p><p>Crypto provides people from these countries a way to <strong>safely store their savings<\/strong> in a form of currency that is not susceptible to the crash of their country\u2019s economy and fiat currency.<br \/><br \/>As many cryptocurrencies are finite and decentralised, they are not so easily manipulated by the market and financial institutions, and while crypto is undoubtedly volatile in its current form, new cryptocurrencies are being introduced that offer a more stable alternative to store your assets. <a href=\"https:\/\/reserve.org\/\">RSR<\/a> is an excellent example of this.<\/p><p><strong><em>\u201cCentral banks are just people, and people make mistakes. Decentralized financial applications can make our financial systems more transparent, more resilient and less fragile,\u201d \u2013 Salil Deshpande, partner at Bain Capital Ventures <\/em><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ccdbc76 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ccdbc76\" data-element_type=\"section\" id=\"content-4\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e80480b\" data-id=\"e80480b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c08739 elementor-widget elementor-widget-menu-anchor\" data-id=\"4c08739\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"relationship-between-defi-and-ethereum\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc2a7b5 elementor-widget elementor-widget-heading\" data-id=\"cc2a7b5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is the relationship between DeFi and Ethereum? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80bb864 elementor-widget elementor-widget-text-editor\" data-id=\"80bb864\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>It is worth noting that <strong>the vast majority of DeFi projects<\/strong> are happening on the <a href=\"https:\/\/www.youtube.com\/watch?v=k9HYC0EJU6E&amp;t=49s\">Ethereum Blockchain<\/a>, which, at this stage in time, is by far the best DIY platform for building DApps and smart contracts.<\/p><p>Some notable DApps\/projects that have been built on <a href=\"https:\/\/defiprime.com\/ethereum\">Ethereum\u2019s network<\/a> include:<\/p><p><strong>Golem<\/strong> \u2013 An open source, decentralised supercomputer that anyone in the world can access. Users can rent out their computing power to other users, which means the network could essentially create a global market for computing power.<\/p><p><strong>MakerDAO<\/strong> \u2013 A DApp that allows users to lend and borrow cryptocurrencies without a middleman or third party. It is also a decentralised credit service that supports\u00a0<a href=\"https:\/\/coinmarketcap.com\/currencies\/single-collateral-dai\/\">Dai<\/a>, a <a href=\"https:\/\/www.investopedia.com\/terms\/s\/stablecoin.asp\">\u00a0<\/a>coin whose value is pegged to the U.S. dollar.<\/p><p><strong>Uniswap<\/strong> \u2013 An Ethereum-based exchange where you can buy, sell and swap <a href=\"https:\/\/cointelegraph.com\/explained\/erc-20-tokens-explained#:~:text=1.-,What%20are%20ERC%2D20%20tokens%3F,optional%20rules%2C%20and%20six%20mandatory.\">ERC20<\/a> tokens (<em>tokens designed and used solely on the Ethereum platform).<\/em><\/p><p><strong>Augur<\/strong> \u2013 A tool that aims to improve trading gains, allowing you to speculate on derivatives.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6b41f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6b41f3\" data-element_type=\"section\" id=\"content-5\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ebf1ee6\" data-id=\"ebf1ee6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a97fde elementor-widget elementor-widget-menu-anchor\" data-id=\"5a97fde\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-do-you-invest-in-defi\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fdf287 elementor-widget elementor-widget-heading\" data-id=\"5fdf287\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How do you invest in DeFi?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b8e250 elementor-widget elementor-widget-text-editor\" data-id=\"3b8e250\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Fortunately (and unfortunately), there is no shortage of ways you can <a href=\"https:\/\/www.bitcoinmarketjournal.com\/invest-in-defi\/#:~:text=This%20is%20why%20the%20easiest,app%20distributed%20on%20that%20platform).\">invest in DeFi<\/a>. <br \/><br \/>Given the range of options, we recommend doing some solid research before choosing an investment pathway. However, if you\u2019re looking for <strong>the easiest way to invest in DeFi<\/strong>, it is to simply <a href=\"https:\/\/digitalsurge.com.au\/eth\/buy\"><strong>buy Ethereum<\/strong><\/a><strong>. <\/strong><\/p><p>While other projects like <a href=\"https:\/\/polkadot.network\/\">Polkadot<\/a> and <a href=\"https:\/\/cardano.org\/\">Cardano<\/a> are pushing the DeFi space forward (along with a slew of other <a href=\"https:\/\/experty.io\/top-10-defi-projects-to-watch-in-2021\">extremely promising DeFi projects and cryptocurrencies<\/a> that you can easily invest in), Ethereum is by far the biggest name in the space and is currently where most of the DeFi action is taking place.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72e7306 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"72e7306\" data-element_type=\"section\" id=\"content-6\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2cfcf2d\" data-id=\"2cfcf2d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-283c8ad elementor-widget elementor-widget-menu-anchor\" data-id=\"283c8ad\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"things-to-consider-before-investing-in-defi\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-288296b elementor-widget elementor-widget-heading\" data-id=\"288296b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Things to consider before investing in DeFi<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fcd366 elementor-widget elementor-widget-text-editor\" data-id=\"3fcd366\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>There are undoubtedly risks and downsides that come with any new movement of this scale. Here are some things to keep in mind before investing:<\/p><ul><li>As DeFi is a new and rapidly evolving space, there is a threat of security issues, fraud, scams and pump-and-dump schemes as there aren\u2019t many established names and there is a lot of hype in the industry. Investing in DeFi can be extremely lucrative but much like crypto, it carries a degree of risk in its current stage.<p>\u00a0<\/p><\/li><li>Like crypto, many DeFi projects will inevitably fail and take their investor\u2019s money with them. Some projects like Uniswap and Golem have proved their value but many will not stand the test of time.<p>\u00a0<\/p><\/li><li>Currently, there is a lack of insurance against hacks or other fraudulent activities in DeFi, meaning you could potentially lose your investment. For good.<p>\u00a0<\/p><\/li><li>If there is a flaw in the code of a smart contract built on Ethereum\u2019s network (more on this below) it can lead to loss of funds.<p>\u00a0<\/p><\/li><li>Scalability is an issue and Ethereum\u2019s greatest challenge \u2013 transactions can take a long time to be confirmed and can be quite expensive to execute at times of congestion.<\/li><\/ul><p>While DeFi is by no means a finished product, risks and speedbumps are to be expected with any new revolutionary technology. We advise all investors to <strong>DYOR<\/strong> and proceed with caution. As always, never invest what you can\u2019t afford to lose!<\/p><p>Check out our handy article on <a href=\"https:\/\/digitalsurge.com.au\/education\/how-to-stay-safe-trading-crypto\" target=\"_blank\" rel=\"noopener\">how to stay safe trading cryptocurrency!<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41094a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41094a5\" data-element_type=\"section\" id=\"content-7\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e474428\" data-id=\"e474428\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88aaa5e elementor-widget elementor-widget-menu-anchor\" data-id=\"88aaa5e\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"relationship-between-defi-and-bitcoin\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccb0433 elementor-widget elementor-widget-heading\" data-id=\"ccb0433\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#relationship-between-defi-and-bitcoin\">What is the relationship between DeFi and Bitcoin?  <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2997466 elementor-widget elementor-widget-text-editor\" data-id=\"2997466\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Bitcoin was what kickstarted the DeFi movement by giving everyday people a way to create money outside the control of central banks and governments. \u00a0<\/p><p>DeFi takes the basic premise of Bitcoin (digital money) and expands on it, creating an entire digital alternative to Wall Street, banks and financial institutions, but without all the associated costs like skyscrapers, offices, banker\u2019s salaries, etc. \u00a0<\/p><p>Fundamentally, DeFi seeks to create more <strong>open, free, and fair financial marketplace<\/strong> that utilises cryptocurrencies and is widely accessible to anyone with an internet connection.<\/p><p><strong><em>\u201cThe goal of DeFi is to reconstruct the banking system for the whole world in this open, permissionless way\u201d &#8211; Alex Pack, managing partner at Dragonfly Capital, an $100 million crypto fund.<\/em><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f93b909 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f93b909\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1795e47\" data-id=\"1795e47\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1094cff elementor-widget elementor-widget-heading\" data-id=\"1094cff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Did this answer your question?\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10355c2 elementor-widget__width-auto likedislikebtncustom-mi elementor-widget elementor-widget-shortcode\" data-id=\"10355c2\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5047\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-theme=\"custom\"  data-btn_size=\"31\"  data-icon_l=\"thmb7-u\"  data-icon_d=\"thmb7-d\"  data-icon_size=\"30\"  data-icon_l_c=\"#34c2e8\"  data-icon_l_c_v=\"#34c2e8\"  data-icon_d_c_v=\"#34c2e8\"  data-f_size=\"15\"  data-show_like_label=\"false\"  data-icon_like_show=\"false\"  data-counter_type=\"single_number\"  data-tooltip_enabled=\"false\"  data-white_label=\"true\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/\"  data-item_title=\"What is DeFi (Decentralised Finance)?\"  data-item_date=\"2021-06-01T11:46:23+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-83046cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"83046cf\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a63d5b9\" data-id=\"a63d5b9\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a0bb6d elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"4a0bb6d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ready to start trading the easy way ?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-905acef elementor-align-center gradiant-btn-bi elementor-widget elementor-widget-button\" data-id=\"905acef\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" class=\"elementor-button-link elementor-button elementor-size-md elementor-animation-shrink\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Sign up with Digital Surge<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd4900c elementor-widget elementor-widget-heading\" data-id=\"bd4900c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Simple. Safe. Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-943af0c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"943af0c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a8b262e\" data-id=\"a8b262e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d4b5a7d elementor-widget elementor-widget-text-editor\" data-id=\"d4b5a7d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a>\u00a0is the easiest way for Australians to\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">buy, sell &amp; store over 250+ cryptocurrencies<\/a>. With extremely low fees, a uniquely user-friendly interface and a customer-support team you can rely on, getting involved in crypto has never been easier.\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">Sign up<\/a>\u00a0today and enjoy safe, stress-free trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d78ec75 elementor-widget elementor-widget-text-editor\" data-id=\"d78ec75\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><i>Crypto-curious? The time you spend here will be the best investment you ever make.<\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0caffb0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0caffb0\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a5f4c07\" data-id=\"a5f4c07\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d28e02f elementor-widget elementor-widget-heading\" data-id=\"d28e02f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Related articles\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5f8cfa5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f8cfa5\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-0088431\" data-id=\"0088431\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25f212f elementor-widget elementor-widget-heading\" data-id=\"25f212f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-blockchain\" target=\"_blank\">What is Blockchain?\n<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-78846eb\" data-id=\"78846eb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4e708c2 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"4e708c2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-blockchain\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"92\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png 360w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual-300x77.png 300w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1a9de65 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a9de65\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5df87e1\" data-id=\"5df87e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62876e4 elementor-widget elementor-widget-heading\" data-id=\"62876e4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/crypto-portfolio-diversification-with-examples\" target=\"_blank\">Crypto portfolio diversification (with examples)\n<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-21afb63\" data-id=\"21afb63\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a84859d elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"a84859d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/crypto-portfolio-diversification-with-examples\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"214\" height=\"208\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/08\/Portfolio_visual.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-26c2f55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"26c2f55\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-98b2ba2\" data-id=\"98b2ba2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6b0113a elementor-widget elementor-widget-heading\" data-id=\"6b0113a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-bitcoin-mining-proof-of-work\/\" target=\"_blank\">What is Bitcoin Mining \/ Proof of Work?\n<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4bf9b17\" data-id=\"4bf9b17\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e4e0b5 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"8e4e0b5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-bitcoin-mining-proof-of-work\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"306\" height=\"208\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/world_visual.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/world_visual.png 306w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/world_visual-300x204.png 300w\" sizes=\"auto, (max-width: 306px) 100vw, 306px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c420740 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c420740\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b50697f\" data-id=\"b50697f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d75b83 elementor-widget elementor-widget-heading\" data-id=\"6d75b83\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-are-stablecoins\/\" target=\"_blank\">What are stablecoins?<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5625a31\" data-id=\"5625a31\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b7d7171 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"b7d7171\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-are-stablecoins\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"102\" height=\"114\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/bills.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5047\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/\"  data-item_title=\"What is DeFi (Decentralised Finance)?\"  data-item_date=\"2021-06-01T11:46:23+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"excerpt":{"rendered":"<p>\u2190 Back What is DeFi (Decentralised Finance)? Definition Decentralised finance (DeFi) recreates financial services like insurance, loans &amp; savings accounts on Blockchain networks outside the control of banks, governments &amp; companies. Understanding DeFi DeFi refers to a wide range of financial services that are built on top of Blockchain networks that do not require a third party. With DeFi you can do the things that banks allow you to do, such as borrow, lend, earn interest, buy insurance and trade assets in a faster, cheaper and more secure way that doesn\u2019t require any paperwork or bank fees. Unlike traditional centralised\u2026<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5047\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/\"  data-item_title=\"What is DeFi (Decentralised Finance)?\"  data-item_date=\"2021-06-01T11:46:23+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-5047","page","type-page","status-publish","hentry"],"blocksy_meta":"","featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable":"<p>\u2190 Back What is DeFi (Decentralised Finance)? Definition Decentralised finance (DeFi) recreates financial services like insurance, loans &amp; savings accounts on Blockchain networks outside the control of banks, governments &amp; companies. Understanding DeFi DeFi refers to a wide range of financial services that are built on top of Blockchain networks that do not require a third party. With DeFi you can do the things that banks allow you to do, such as borrow, lend, earn interest, buy insurance and trade assets in a faster, cheaper and more secure way that doesn\u2019t require any paperwork or bank fees.Unlike traditional centralised finance&hellip;<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5047\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/\"  data-item_title=\"What is DeFi (Decentralised Finance)?\"  data-item_date=\"2021-06-01T11:46:23+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","category_list":"","author_info":{"name":"user","url":"http:\/\/3.26.50.104\/education\/author\/user\/"},"comments_num":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is DeFi (Decentralised Finance)? - Crypto Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is DeFi (Decentralised Finance)? - Crypto Simple\" \/>\n<meta property=\"og:description\" content=\"\u2190 Back What is DeFi (Decentralised Finance)? Definition Decentralised finance (DeFi) recreates financial services like insurance, loans &amp; savings accounts on Blockchain networks outside the control of banks, governments &amp; companies. Understanding DeFi DeFi refers to a wide range of financial services that are built on top of Blockchain networks that do not require a third party. With DeFi you can do the things that banks allow you to do, such as borrow, lend, earn interest, buy insurance and trade assets in a faster, cheaper and more secure way that doesn\u2019t require any paperwork or bank fees. Unlike traditional centralised\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto Simple\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DigitalSurgeAU\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-05T00:53:53+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/DeFI_visual.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@digitalsurge_AU\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"14 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/what-is-defi-decentralised-finance\\\/\",\"url\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/what-is-defi-decentralised-finance\\\/\",\"name\":\"What is DeFi (Decentralised Finance)? - Crypto Simple\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/what-is-defi-decentralised-finance\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/what-is-defi-decentralised-finance\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/DeFI_visual.png\",\"datePublished\":\"2021-06-01T11:46:23+00:00\",\"dateModified\":\"2021-08-05T00:53:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/what-is-defi-decentralised-finance\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/3.26.50.104\\\/education\\\/what-is-defi-decentralised-finance\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/what-is-defi-decentralised-finance\\\/#primaryimage\",\"url\":\"http:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/DeFI_visual.png\",\"contentUrl\":\"http:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/DeFI_visual.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/what-is-defi-decentralised-finance\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is DeFi (Decentralised Finance)?\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#website\",\"url\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/\",\"name\":\"Digital Surge\",\"description\":\"Crypto Simple\",\"publisher\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#organization\",\"name\":\"Digital Surge\",\"url\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Digital-Surge-Logo-Gradient.svg\",\"contentUrl\":\"https:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Digital-Surge-Logo-Gradient.svg\",\"width\":1,\"height\":1,\"caption\":\"Digital Surge\"},\"image\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/DigitalSurgeAU\",\"https:\\\/\\\/x.com\\\/digitalsurge_AU\",\"https:\\\/\\\/www.instagram.com\\\/digitalsurgeau\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is DeFi (Decentralised Finance)? - Crypto Simple","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/","og_locale":"en_US","og_type":"article","og_title":"What is DeFi (Decentralised Finance)? - Crypto Simple","og_description":"\u2190 Back What is DeFi (Decentralised Finance)? Definition Decentralised finance (DeFi) recreates financial services like insurance, loans &amp; savings accounts on Blockchain networks outside the control of banks, governments &amp; companies. Understanding DeFi DeFi refers to a wide range of financial services that are built on top of Blockchain networks that do not require a third party. With DeFi you can do the things that banks allow you to do, such as borrow, lend, earn interest, buy insurance and trade assets in a faster, cheaper and more secure way that doesn\u2019t require any paperwork or bank fees. Unlike traditional centralised\u2026","og_url":"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/","og_site_name":"Crypto Simple","article_publisher":"https:\/\/www.facebook.com\/DigitalSurgeAU","article_modified_time":"2021-08-05T00:53:53+00:00","og_image":[{"url":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/DeFI_visual.png","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_site":"@digitalsurge_AU","twitter_misc":{"Est. reading time":"14 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/","url":"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/","name":"What is DeFi (Decentralised Finance)? - Crypto Simple","isPartOf":{"@id":"http:\/\/3.26.50.104\/education\/#website"},"primaryImageOfPage":{"@id":"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/#primaryimage"},"image":{"@id":"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/#primaryimage"},"thumbnailUrl":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/DeFI_visual.png","datePublished":"2021-06-01T11:46:23+00:00","dateModified":"2021-08-05T00:53:53+00:00","breadcrumb":{"@id":"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/#primaryimage","url":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/DeFI_visual.png","contentUrl":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/DeFI_visual.png"},{"@type":"BreadcrumbList","@id":"https:\/\/3.26.50.104\/education\/what-is-defi-decentralised-finance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/3.26.50.104\/education\/"},{"@type":"ListItem","position":2,"name":"What is DeFi (Decentralised Finance)?"}]},{"@type":"WebSite","@id":"http:\/\/3.26.50.104\/education\/#website","url":"http:\/\/3.26.50.104\/education\/","name":"Digital Surge","description":"Crypto Simple","publisher":{"@id":"http:\/\/3.26.50.104\/education\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/3.26.50.104\/education\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"http:\/\/3.26.50.104\/education\/#organization","name":"Digital Surge","url":"http:\/\/3.26.50.104\/education\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/3.26.50.104\/education\/#\/schema\/logo\/image\/","url":"https:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/03\/Digital-Surge-Logo-Gradient.svg","contentUrl":"https:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/03\/Digital-Surge-Logo-Gradient.svg","width":1,"height":1,"caption":"Digital Surge"},"image":{"@id":"http:\/\/3.26.50.104\/education\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DigitalSurgeAU","https:\/\/x.com\/digitalsurge_AU","https:\/\/www.instagram.com\/digitalsurgeau\/"]}]}},"_links":{"self":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages\/5047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/comments?post=5047"}],"version-history":[{"count":85,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages\/5047\/revisions"}],"predecessor-version":[{"id":10391,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages\/5047\/revisions\/10391"}],"wp:attachment":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/media?parent=5047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}