What is a Defi app?

DeFi apps are blockchain-based financial applications that allow users to access financial services without intermediaries such as banks or other financial institutions. These apps run on decentralized networks, meaning that they are not controlled by a single entity and operate independently of traditional financial systems.

How do I choose the right Defi app?

Here are some tips on how to choose the right DeFi app for your needs: Look for a DeFi app that has strong security measures in place to protect your funds. This could include features such as multi-factor authentication, cold storage of funds, and regular security audits. Choose a DeFi app that is easy to use and navigate.

What is Defi & how does it work?

Although the DeFi concept is relatively new, DeFi users utilize it to create a cheaper and faster way of making financial transactions. Short for decentralized finance, DeFi is an umbrella term for various projects and applications in the public blockchain that disrupts the conventional finance world. What is DeFi or Decentralized Finance?

How many Defi apps are there?

It can be a bit daunting to get started — there are hundreds of DeFi apps with varying use-cases across numerous blockchains, and thousands of coins to potentially choose from. We’re going to walk you through the basics of the DeFi world and how to begin taking advantage of decentralization.