DeFi Explained

Hey there, it’s Li and Nathan! For the next few episodes of Means of Creation, we are piloting a series of web3 explainers—unpacking some of the fundamental concepts of web3, from first principles. The goal is to explore various topics, trends, and projects that people want to learn more about but find confusing! Essentially, to ask the questions we’ve been too afraid to ask in public. 

If you want your questions answered, or have topics and/or guests you want to recommend, feel free to do so by tagging Means of Creation on Twitter. You can watch these episodes on YouTube or listen on your podcast app of choice.

We hope you find these conversations valuable.

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In this first episode, we explain DeFi, or Decentralized Finance.

Cryptocurrencies have taken a major hit over the last few days—Bitcoin and Ethereum have fallen by almost fifty percent from their all-time highs. However, the proponents of DeFi still believe in its long-term potential to be the future of finance.