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How to DeFi: Beginner

Author: Coin Gecko

Decentralized Finance is taking over the world. Learn how to get started and join the revolution.

Additional information

Year of Publishing



Kindle, Paperback

Category: Tag: Product ID: 19235


DeFi is an ecosystem of decentralized applications that provide financial services built on top of distributed networks with no governing authority. By April 2021, DeFi applications have locked up over $86 billion worth of cryptocurrencies in smart contracts.

DeFi is expected to grow further in the coming years and is a key component in fulfilling Ethereum’s lofty vision and ambition. You will learn about the various elements of DeFi such as decentralized stablecoins, decentralized exchanges, decentralized lending, decentralized derivatives, decentralized insurance and more.

DeFi has been immensely popular throughout 2019 to 2021 and is showing no signs of slowing down. Use this book to stay ahead of the curve and learn how you can utilize various DeFi applications to better understand the changes that will disrupt the traditional financial sector.

In this book, you will discover:

  • What is DeFi and their differences with traditional finance
  • What is Ethereum and its role in DeFi
  • Step-by-step guides in using the various DeFi applications
  • Real-life use cases of DeFi and how you too can earn from opportunities within the space

With simple, yet concise explanations and guides, it has never been easier for you to understand and get started with the various DeFi applications.

Table of Contents

  • Part One: Centralized & Decentralized Finance
    • Chapter 1: The Traditional Financial Institutions
      • The Banks
      • Decentralized Finance vs Traditional Finance
    • Chapter 2: What is Decentralized Finance (DeFi)?
      • The DeFi Ecosystem
      • How Decentralized is DeFi
  • Part Two: Getting into DeFi
    • Chapter 3: The Decentralized Layer: Ethereum
      • What is Ethereum?
      • What is Smart Contract?
      • What are Decentralized Applications?
    • Chapter 4: Ethereum Wallets
      • Custodial vs Non Custodial Wallets
      • Argent Wallet
      • Metamask Wallet
  • Part Three: Deep Diving into DeFi
    • Chapter 5: Decentralized Stablecoins
      • Maker
      • Maker’s Collateral Ratio, Stability Fee
      • Dai Savings Rate
      • Sai vs Dai
      • Minting and Saving Dai
    • Chapter 6: Decentralized Lending and Borrowing
      • Compound
      • Borrowing and Lending on Compound
      • Compound Governance
      • Aave
      • Borrowing and Lending on Aave
      • Aave Governance
    • Chapter 7: Decentralized Exchanges
      • Uniswap
      • Liquidity Pools
      • Automated Market Makers Mechanism
      • 1inch
      • Dex Aggregators
    • Chapter 8: Decentralized Derivatives
      • Synthetix
      • Synthetic Assets
      • Minting Synthetic Assets
      • Opyn
      • What are Options?
      • How does Opyn Work?
    • Chapter 9: Decentralized Fund Management
      • TokenSets
      • What Kind of Sets are There?
      • How are Sets Helpful?
    • Chapter 10: Decentralized Lottery
      • PoolTogether
      • Why Bother with Decentralized Lotteries?
      • PoolTogether Token and Governance
    • Chapter 11: Decentralized Payments
      • Sablier
      • What does Streaming Payment Mean?
      • Why is Streaming Payment Important?
    • Chapter 12: Decentralized Insurance
      • Nexus Mutual
      • Buying Insurance with Nexus Mutual
      • Other Insurance Platforms
    • Chapter 13: Governance
      • Aragon
      • What is Aragon Court?
      • Who uses Aragon?
      • Snapshot
      • What are the Shortcomings of Using Snapshot?
      • How to Vote Using Snapshot?
    • Chapter 14: DeFi Dashboard
      • Zapper
      • What is a Dashboard?
      • Using Zapper Dashboard
  • Part Four: DeFi in Action
    • Chapter 15: DeFi in Action
      • Surviving Argentina’s High Inflation
      • Uniswap’s Ban
    • Chapter 16: DeFi is the Future, and the Future is Now
      • DeFi is the Future, and the Future is Now
      • What about DeFi User Experience?

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