You might be searching the web trying to figure out “What is Defi?”. Well, in this video we cover exactly what defi (or decentralized finance) is and cover 5 main pillars holding it up, including examples to help illustrate our points.
1) Stablecoins
2) Lending and Borrowing
3) Decentralized Exchanges
4) Insurance
5) Margin Trading
Join WhiteboardCrypto Club to claim your $20 ETH bonus, unique NFT, and have immediate access to our private community, private videos, and my portfolio: https://whiteboardcrypto.com/whiteboardcrypto-club/
Or join our newsletter for free to get access to our discord and free DeFi Guide: https://whiteboardcrypto.com
Support the channel by checking these crypto/DeFi tools out:
Unstoppable Domains – all-in-one crypto wallet: https://unstoppabledomains.com/?ref=cba817a046e94e7
Brave – privacy-based web browser that pays you crypto: https://brave.com/YSU799
My favorite crypto exchanges
Best for Beginners
Coinbase: https://coinbase-consumer.sjv.io/WhiteboardCrypto
Best for Traders
Binance (US): https://accounts.binance.us/en/register?ref=53943019
Binance (non US): https://accounts.binance.com/en/register?ref=RDBHDMLN
Lowest Fees
FTX (US): https://ftx.us/home/#a=whiteboardcrypto
FTX (non US): https://ftx.com/referrals#a=74365468
Most Coins and not KYC
Kucoin: https://www.kucoin.com/r/r3LFPSY
Useful Trading Bots
Pionex: https://www.pionex.com/en-US/sign/ref/yzFsnjAL
Explore More Whiteboard Crypto:
Twitter: @whiteboardCryp1
Facebook: @whiteboardcrypto
Instagram: @whiteboardcryptoteam