DeFi Glossary of Terms
DeFi Glossary of Terms for Beginners
Welcome to the world of Decentralized Finance (DeFi)! It can seem overwhelming at first, with lots of new words and concepts. This guide breaks down common DeFi terms in a simple way, perfect for newcomers. We'll avoid jargon and focus on understanding what these terms *mean* in practice. Before diving in, it's helpful to understand the basics of Cryptocurrency and Blockchain technology. You can also learn more about Wallets to securely store your crypto.
What is DeFi?
DeFi refers to financial applications built on blockchain technology, primarily Ethereum. It aims to create an open, permissionless, and transparent financial system, removing traditional
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