Understanding DeFi and Its Importance in the Crypto Economy

Posted on by American Coins & Gold

Understanding DeFi and Its Importance in the Crypto Economy
Decentralized finance, or DeFi, is one of the most important topics in cryptocurrency. The aim of DeFi is to create an entirely new financial system, completely independent of the traditional financial (TradFi) economy. There are billions of dollars being invested into this goal, along with the efforts of thousands of developers around the world.This is part one of our series on DeFi. The aim of this series is to provide a deep dive for financial advisors to further our understanding of this space and create a bridge that we can use efficiently to merge the TradFi world we work in…