Decentralized Finance

A citizen of Sherwood Forest was popular this past week, and things got plenty weird plenty quickly.

Outrage aside, it is better to build than to scream, as Naval suggested on Twitter…

… and if you are interested, read this…

Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes smart contracts on blockchains, the most common being Ethereum. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in a savings-like account

… and watch this:

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