DeFi Platform

[starrdust]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

[cryptovigi]

Taking part in bounty and airdrop is unfortunately not the best way to learn about crypto...
Much better would be to read some articles and posts about it. I suggest you just ask google "what is defi" and he will get hundreds of results - just spend 5 minutes to read the first or second link and you will get an answer to your question

[target]

Youtube videos are good source of information. There are users out there who can explain it better with you having to google every term. Defi is from the term decentralized finance which a user can do just about anyuthing related to finance including lending, flash loans and trading and all these are done with smartcontracts with no central authorities. Now, this isn't just it.

But if you could look up to youtube there are more users out there that can explain it best down to its details. You may wanna go dive into a particular defi platform like Compound itself or Aave.

[Kupid002]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

Decentralised finance this blog can help you to understand more about defi https://academy.binance.com/blockchain/the-complete-beginners-guide-to-decentralized-finance-defi?amp=1 and what advantage of defi project have and potential use cases of defi project.

[AhmadM]

Simply DeFi is abbreviation from Decentralized Finance, which is an industry that providing financial services such as lending, trading or etc through decentralized platform on a blockchain (mostly in Ethereum blockchain). There is another good article^[1] which leads you to better understanding in DeFi or read this topic overview^[2] about DeFi.

[1] https://decrypt.co/resources/defi-decentralized-finance-explained-guide-learn
[2] https://bitcointalk.org/index.php?topic=5256820.0

[Denongels]

because many have explained about defi, my advice if you want to try tokens from DeFi just follow bounty and airdrop because some DeFi projects are holding these two programs and also while looking for other free events  DeFi trend is still very good so if you manage to get DeFi tokens may be more expensive in value.

[bhadz]

This definition from Binance academy can make you understand what is a Defi. And it's already summarized.
https://academy.binance.com/glossary/defi

[Dart18]

They have all the information about DeFi down your OP.

Just don't get stuck with bounties.
Think of them like freebies to add with your investment.
You wont get anything much from it. Just an addition in case the value of your bought token will end up just ROI you will still have a little profit thanks to the bounties.

Oh! and welcome to the crypto world.

[Kemarit]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Well that's part of it, you really need to spend more time around, read and learn.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

DeFi? Decentralized Finance, I think it's pretty much that, regarding bounties, as I said, if you really wanted to learn then you should back read and see the topics being up for discussions. You will not learn if you are just here to earn by joining bounties. Try to learn technical analysis as well and don't be that typical bounty hunters, just shit posting here.

[todiefor17]

Ideally, you should only seek them out from bounties and airdrops as currently, large DEFI projects require a large amount of money to invest in them. If investing, please refer only to projects with a clear and well-informed team. Stay away from projects on the uniswap trading platform if you don't understand them well because the risks are enormous.
Regarding the DEFI concept definition and related functions, you have found the answer from the comments above.

[Gorosden]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

Through Airdrops and Bounties you can learn in the process, that's a good start for a crypto newbie, as for DeFi you need to be careful around them, they are presently profitable and full of hype, do not get caught, the only DeFi bounty presently ongoing is OIKos, last month DIA was still ongoing.

[SquirrelJulietGarden]

Overview on DeFi
[BIG LIST] DeFi Projects & Tokens

[lepbagong]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

Through Airdrops and Bounties you can learn in the process, that's a good start for a crypto newbie, as for DeFi you need to be careful around them, they are presently profitable and full of hype, do not get caught, the only DeFi bounty presently ongoing is OIKos, last month DIA was still ongoing.

many have been updated in the crypto field for new projects of the various ways that have been done to avoid constant fraud but are also not resolved properly. especially those that will now be made, I would not believe all of that if there was no action from us wanting real changes then the fraud incident would occur again. many modes are done with updates that continue to innovate and look nice to hear but difficult to do.

[SillyGirl]

I found this article about DeFi interesting: https://www.worldcoinindex.com/news/yearn-finance-native-defi-cryptocurrency-yfi-surges-190-over-the-last-week-price-tops-38-000

[bigcash2011]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

In simple terms, defi resolves everything around that involved money in a decentralized environment.
It can be decentralized exchange, swap, lending, derivatives, savings, yield farming etc.
But i still recommend you to study and research more before investing into each project.

[Docbee]

Starting to learn more about crypto , I find it really hard to know more about it in just a short time , I know it will take a long time and everyday studying to be able to understand it well.

Just as I was starting in this world of crypto  , a new term has been the hot item nowadays , DeFi platform. I'm really trying to do a little bit of everything from bounties , to Airdrops, to Signup to have free bonuses , I didn't get a lot of chance learning about this new thing on crypto.

Anyone , who can simplify DeFi ? 😄

At least realising that knowledge is very crucial to making it in crypto space, is a good step towards developing yourself.  However, as some members have also suggested, this forum and some other legit crypto platforms with reliable news can help you in learning fast than just participate in airdrops, giveaways and bounties alone.

[Nisterse]

You cant learn about crypto by participating in airdrops and bounties lol you can only gain from it but be careful tho coz there are lots of scammers out there. About DeFi, I suggest DYOR. The thing about it is that projects and crypto-enthusiasts have different views about it.

[hrunya102]

YouTube has good channels about cryptocurrency and defi. They have recorded good videos about the defi since may of this year.

[zasad@]

Start with this topic, the main sites are written at the beginning, this is enough to get the necessary information
https://bitcointalk.org/index.php?topic=5198245.0

and be sure to read the book:

https://landing.coingecko.com/how-to-defi/

"How To DeFi
Decentralized Finance (DeFi) is fast disrupting the traditional financial sector. How To DeFi is a must-read book for anyone looking to understand DeFi. It is packed with simple explanations and step-by-step guides to help you understand and get started in this fast-developing ecosystem."

[tippytoes]

As others have already shared important links where one can learn and understand more about DeFi, I hope the OP will use it in assessing the authenticity of DeFi project that he will get interested with. Because some of these projects are just riding the hype and they have no intentions of actually implementing the platform. Like a money grab project and users should be vigilant with those projects.