🌐 What is DeFi?
Decentralized Finance (DeFi) replaces banks, brokers, and exchanges with open-source smart contracts on blockchains. No accounts to open. No approval needed. Just a wallet and an internet connection.
🏦 Traditional Finance vs DeFi
Click each row to see the DeFi equivalent
🧱 The DeFi Stack
Hover over each layer to learn what it does
💸 How Money Flows in DeFi
🔑 Core Concepts
Smart Contracts
Self-executing code on the blockchain. "If X happens, do Y" — no human needed. Every DeFi protocol is built from smart contracts.
Liquidity Pools
Users deposit tokens into pools. Others trade against these pools. Depositors earn fees. No order book, no market maker company needed.
Composability
"Money LEGOs" — protocols plug into each other. Deposit into Aave → get aTokens → use as collateral on MakerDAO → mint DAI → provide liquidity on Curve.
Governance
Token holders vote on protocol changes. Interest rates, new assets, treasury spending — all decided by the community, not a board of directors.
Permissionless
No sign-up. No KYC. No credit check. Anyone with a wallet can lend, borrow, trade, and earn. 24/7, worldwide, no gatekeepers.
Transparency
Every transaction is on-chain. You can verify reserves, check liquidation thresholds, and audit the code yourself. No hidden balance sheets.
⚠️ DeFi Risks
🚀 Explore DeFi Protocols
Deep-dive into how each protocol works with interactive visualizations