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Published:
December 12, 2022

DeFi For Dummies

Overview

Get to know the building blocks of a new economy

The promise of decentralized finance (DeFi for those up on their financial lingo) as a disruptor to financial institutions makes it must-know for anyone involved in finance. DeFi For Dummies provides an easy-to-understand option for unraveling the past, present, and future of DeFi. Understand current DeFi applications, including how to build basic applications on the leading platforms, and get a look into the future’s most promising new DeFi solutions. Staying ahead of the game is critical for finance professionals these days, and this Dummies guide makes it possible, with full coverage

of how DeFi affects asset management, lending and borrowing, and investment markets. Wrap your mind around DeFi and start getting hands on, the Dummies way.

  • Learn how the DeFi revolution started and where it’s going
  • Get insight into opportunities for getting started and building value with DeFi
  • Discover the leading assets, exchanges, and marketplaces built on DeFi principles
  • Create secure DeFi applications on established platforms

This book is great for current pros or active investors in the world of finance who need to get up to speed on the world of DeFi as quickly and clearly as possible.

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About The Author

Seoyoung Kim, PhD, is an Associate Professor of Finance and Business Analytics at Santa Clara University and bestselling co-author of NFTs For Dummies. Seoyoung’s expertise lies in innovative financial instruments, crypto-assets, and blockchain-based ventures, on which she has consulted and written extensively. She regularly gives workshops and talks to academic, legal, and financial institutions, both domestically and internationally.

Sample Chapters

defi for dummies

CHEAT SHEET

The nascent world of modern decentralized finance (DeFi) has grown rapidly since the advent of Bitcoin in 2009. Read on for helpful tips on how to navigate this exciting new realm.What you need to get started with DeFiWhether you simply want to dabble around DeFi protocols or plan to code and deploy a customized smart contract (or even full-blown dApp) of your own, you’ll need two key items: The MetaMask browser extension, which you can download from its website Ether (ETH), which you can obtain from popular crypto exchanges, such as Coinbase, or some test ETH for the test network of your choice, which you can obtain from a test faucet.

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Articles from
the book

The nascent world of modern decentralized finance (DeFi) has grown rapidly since the advent of Bitcoin in 2009. Read on for helpful tips on how to navigate this exciting new realm.What you need to get started with DeFiWhether you simply want to dabble around DeFi protocols or plan to code and deploy a customized smart contract (or even full-blown dApp) of your own, you’ll need two key items: The MetaMask browser extension, which you can download from its website Ether (ETH), which you can obtain from popular crypto exchanges, such as Coinbase, or some test ETH for the test network of your choice, which you can obtain from a test faucet.
To meaningfully navigate the world of decentralized finance (DeFi), you first need to set up a Web3 wallet that can submit transactions and access smart contracts on a public blockchain. Because so much of the DeFi ecosystem has been built on Ethereum, this article shows you how to get started with MetaMask, an application that connects you to the Ethereum blockchain.
Cryptocurrency tokens are virtual currency representing fungible (non-unique) and tradable assets and utilities that reside on their own blockchains.There are two main categories of tokens: native and non-native. Native tokens Native tokens share the common characteristic of serving as the base token or inherent currency of their own proprietary blockchains.
Listen to the article:Download audio The decentralized finance (DeFi) sector is an alternative to traditional financial services with applications in cryptocurrency or blockchain technology. ©André François McKenzie / Adobe StockThe modern DeFi era truly began with Bitcoin, the first widespread implementation of a decentralized method of record-keeping that is permissionless yet reliable and secure.
https://cdn.prod.website-files.com/6630d85d73068bc09c7c436c/69195ee32d5c606051d9f433_4.%20All%20For%20You.mp3

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