What is DeFi.
17 Jan 2023, 16:48
🏦 What is DeFi?
Welcome to Hawksight’s weekly DeFi thread as we learn about yield strategies, and how you can easily earn the best $SOL & $USDC yields across Solana, automated in 1-click at
📌DeFi stands for Decentralized Finance
👩👩👧👦 What does DeFi mean?
DeFi are financial applications built on smart contracts to be non-custodial, transparent, and secure, with no middlemen control or censorship. In other words, DeFi replaces middlemen/institutions for on-chain financial products.
🤔 What are the things you can do in DeFi?
In our DeFi thread series, we will explain DeFi terms and processes from how is yield generated, sources of yield, how to utilize them, risks factors, and mitigants.
Check our megathread on Twitter: