πŸ“‰
What's the deal with DeFi?
Contributors: @paarugsethi​
Imagine if just like social media allows you to connect with anyone in the world, you could also bank with anyone in the world, i.e. borrow, lend, invest etc. This novel idea is a reality now but it comes with challenges specifically on risk management.
The promise of DeFi is that monetary policy is codified, access is permissionless (just need a wallet) and execution is automated. This also means that there are many more products/alternatives available for each function which was otherwise performed only by a single entity.

Here's a video to get you going

Here's an article for a complete deep dive

What Is DeFi?
coindesk
✊The Defiant's Definitive Guide to DeFi

You can't go long without Crypto Twitter

FAQs

If you have any doubts related to this topic or you have a suggestion, feel free to create an issue here.
If you want to make edits to this topic or update the topic, please click on the "Edit on Github" link you see on the right section, make the changes and create a pull request to the master branch. One of the moderators will look at your changes & merge your changes if all looks good.
And yes, if you update anything in this topic, don't forget to add your GitHub username in the contributors' list!
Have a happy learning! ✌️