Informations pratiques sur cette ressource

Description de la ressource pédagogique

Description (résumé)

What is DeFi? DeFi is an acronym of Decentralized and Finance: - The word Finance refers to all the traditional financial tools and services that have existed since antiquity, such as buying or selling currencies, transferring, borrowing, lending money, trading, betting, insuring, etc. - The word Decentralized refers to the structure of blockchain and how each protocol runs on a multitude of servers (or nodes) worldwide, guaranteeing peer-to-peer, quick, synchronized, uncensorable, immutable, and non-retractable transactions. Moreover, these transactions are visible, transparent, and auditable by anyone. Mixing these two allows the re-creation of financial services previously only available through centralised financial entities such as banks, exchanges, insurance companies, etc. Although the DeFi movement started by reproducing the existing centralized financial models in a decentralized manner (i.e., smart contracts copied and reproduced the order book model), it soon shifted to the creation of altogether new opportunities that were available thanks to the decentralized nature of the blockchain (i.e., smart contracts creating automated market markers) and thus things previously impossible in traditional finance. In this module, we are going to learn more about the main areas where DeFi has been revolutionizing finance [2] and what solutions have been or are currently being developed on Tezos.

• Granularité : cours
• Structure : linéaire

"Domaine(s)" et indice(s) Dewey

• Monnaie (332.4)
• Sécurité des données (005.8)

Thème(s)