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DeFi represents a movement that seeks to push borderless, censorship-free, and accessible financial products for all. DeFi protocols do not discriminate and level the playing field for everyone.
Sze Jin Teh • How to DeFi: Beginner
Win Win Khor • How to DeFi: Advanced
centralized finance(cefi)
Alphatu and • 3 cards
Dai (DAI) was launched in November 2019 and is also known as Multi-Collateral DAI. It is currently backed by a basket of third-party assets such as Ether (ETH), Basic Attention Token (BAT), USDC and Wrapped Bitcoin (wBTC). More types of collateral are continuously added based on community proposals.
Sze Jin Teh • How to DeFi: Beginner
Fintech
Lillian Sheng and • 17 cards
For DeFi Dapps to work, a collateral locked into smart contracts is usually required. The cumulative collateral locked in DeFi Dapps is often referred to as the Total Value Locked, which serves as a growth indicator of the DeFi ecosystem. In our earlier edition, we highlighted that the Total Value Locked at the start of 2019 measured around $275
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