✊The Defiant's Definitive Guide to DeFi
At The Defiant, we are convinced finance will become increasingly decentralized and open. It just makes sense; our current financial system is running on infrastructure that was built in the 1970s; messaging networks like SWIFT and ACH that simply aren’t made to transact value.
Blockchains have value at their core. They are money networks, and as such, they make for more efficient financial systems. They cut out intermediaries, improving speed and cost. They are permissionless and global, so that essential tools to grow savings and make payments and transfers, are at the hands of anyone with an internet connection, anywhere in the world.
A financial system that’s running on distributed networks and powered by cryptocurrencies allows users to maintain control over their assets and information. For the first time ever, any individual can own a piece of the networks and applications they use. They can participate in these protocols’ governance and benefit from their growth. It’s a new paradigm for the internet and for money.
We are witnessing the birth of the internet of money. It’s here, growing and maturing. You can use it right now.
The Defiant is the leading information company at this intersection of tech and money. It’s the only content platform producing unbiased, objective journalism, that’s focused on decentralized finance. We cover the news in this space day to day, across our newsletter, podcast, YouTube channel, and website.
For those who are new to this ecosystem (and even for those who have been around for longer), the flood of new terms, apps and concepts can feel overwhelming.
This guide is meant to be a one-stop-shop to get started. These are all the DeFi basics you will need to start exploring the internet of money.
🤝 Share this guide with your friends, family, colleagues —anyone who you think would benefit from learning about the future of finance and how to start taking control of their assets.
Here are the first two articles you need to read as you get started on your DeFi journey:
Definition: Decentralized finance, or DeFi, is the ecosystem of financial applications being built with blockchain technology and without banks.
Origins of the term
Bitcoin and MakerDAO
In this guide we’ll be helping you take your first steps into the boundless world of Decentralized Finance, better known as DeFi.
We guide you through:
Setting up an account at a crypto exchange
Setting up an Ethereum wallet
Withdrawing to MetaMask
How to use Uniswap and trade from ETH to DAI
How to lend stablecoins on DeFi protcols
How to connect your wallet to portfolio trackers
Main DeFi Terms and Concepts
Here is a compilation of our DeFi 101 short guides, plus their related news articles, podcasts, videos and guest op-ed pieces. These resources will get you from newbie to Jedi of the most cutting-edge corner of tech and finance. They’ll help you better leverage our newsletter, video and podcast, which will in turn help you stay updated on the space and take your understanding to the next level. (Last Updated: March 1st — this guide is ever-expanding ).
1. Foundational Concepts
🧑🏫 What is KYC?
2. Wallets and Dapps
🎙 "In DeFi My Money is Actually Mine. It's a Beautiful Concept But it Comes With Responsibilities:" Andre Cronje
3. Decentralized Exchanges
🧑🏫 DEXs vs CEXs
4. Resources & Projects
5. Common Use-Cases of DeFi
🎙 "What We're Building is Very Big and We Should Have The Least Concentration Possible:" Aave's Stani Kulechov
🎙"All the Dizzying Ways People are Farming Yield is Proof of DeFi Composability's Success:" Ampleforth CTO
6. Decentralized Derivatives
🎙 "There's the Opportunity to Make Really Complex Financial Instruments More Accessible”: Opyn's Alexis Gauba
7. “Yield Farming” & Investing
🎙 "It Was Exciting But it Was Also Terrifying:" Dan Elitzer and Clinton Bembry on Yam Finance's Backstory
🎙 "It's not just about money; it's touching a very primal desire to connect with others:" ParaFi's Santiago Roel
🎙 "We're at the Early Stages of a Truly Novel Structure That can Organize Humans and Money:" Polychain Capital’snOlaf Carlson-Wee
🎙 "Things Tend to Get Better. For Anyone Involved in Crypto, It's Obvious That This is 1,000x Better," 1kx's Lasse Clausen
🎙 "Basic Financial Services is a 21st-Century Fundamental Human Need:" OMG Network's Vansa Chatikavanij
9. NFTs & Digital Art
🎙 "We've Been Creating Value for Instagram and TikTok With Very Little Actually Accruing to Us:" Trevor McFedries
🧑🏫 Risks of DeFi
🎙 "I'm Not Super Bullish on DeFi. We're Using This Tech to Enrich a Small Group of People:" James Prestwich
11. Cross-Chain DeFi
The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($10/mo, $100/yr).