DEFI (DECENTRALIZED FINANCE)
WEB3 101
Tolu & the Magic of DeFi
Tolu asked Ada,
βWhatβs this DeFi I keep hearing about?β
Ada smiled:
βItβs like using a bank, but without the bank. You can save, borrow, trade, and earn interest directly on the blockchain.β
Tolu blinked.
βNo forms? No bank manager?β
βNone,β Ada said. βJust smart contracts doing the work.β
That day, Tolu realized:
With DeFi, you are the bank.
Moral of the story: DeFi gives power back to the people. Itβs finance without borders, banks, or bureaucracy.
#DeFi #CryptoEducation #Farcaster 2 replies
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