Although the learning curve for using decentralized finance (DeFi) is steeper than with centralized exchanges, DeFi and its use of immutable smart contracts open up prospects for a more inclusive world. But how can we navigate the core functions of DeFi, use them effectively and profit?
Lending and borrowing
Emerging in 2017 with the launch of MakerDAO, decentralized lending and borrowing platforms are the historical first stone of DeFi.