🔥 What is DeFi? A Beginner’s Guide (A Quick Thread 🧵)

1️⃣ Definition: 

DeFi = Decentralized Finance. It’s TradFi (banks, loans, savings) without intermediaries. Powered by blockchains like Ethereum.

2️⃣ Popular Use Cases:

Lending/Borrowing (e.g., Aave, Compound)
Trading (e.g., Uniswap, SushiSwap)
Yield Farming (e.g., Yearn Finance).

3️⃣ Advantages:

Borderless: Accessible to anyone with internet.
Transparent: Transactions on public ledgers.
Efficient: Lower fees and faster settlements.

4️⃣ Risks:

Smart contract vulnerabilities.
Market volatility.
No regulation = no recourse for errors.

🌟 DeFi is the future of finance - but always DYOR before diving in! 💡
What’s your favorite DeFi protocol? Let’s discuss below. 👇
#DeFi #CryptoEducation #Ethereum