Opportunities & Dangers of DeFi

Here is Part 1 of a beginner-friendly, eye-opening post where I try to demystify the complex world of DeFi.

This is Part 1 of a longer post. Hopefully worth the read whether you are completely new to the decentralized finance (DeFi) concept, or already have a decent understanding of how the sector works.  

In Part 1, I will sell you the idea of DeFi by pointing to some of the conventionally mentioned advantages DeFi holds over traditional finance (TradFi). The…