DeFi has many moving parts that all go together. (Image from Rootstrap)

What is Decentralized Finance (DeFi)?

Compound Finance is a great example of a DeFi platform. (Image from Compound.Finance)

DeFi Components

Decentralized Exchanges (DEXs)

Uniswap is one of the most famous DEXs around! (Image from Binance Academy)

Aggregators and Wallets

MetaMask is an example of a self-hosted wallet that performs a variety of functions. (Image from CoinDesk)

Decentralized Marketplaces

OpenSea is one of the most famous decentralized marketplaces. (Image from DPReview)

Oracles and Prediction Markets

Oracles help the DeFi ecosystem by compiling and providing massive amounts of data to blockchains. (Photo by Mika Baumeister on Unsplash)

Layer-1 Solutions

While Ethereum leads the way in terms of Layer 1 solutions, Solana is catching up! (Photo by GuerrillaBuzz on Unsplash)

DeFi Use Cases

DeFi: just like banking, but without all the annoying paperwork! (Photo by Scott Graham on Unsplash)

Payments and Stablecoins

USDT is the most popular stablecoin on the market. (Photo by Mariia Shalabaieva on Unsplash)

Margin and Leverage Trading

Keep in mind that margin trading is high risk, high reward. Emphasis on high risk! (Photo by PiggyBank on Unsplash)

DeFi-native Activities: Liquidity Pools and Yield Farming

While not as refreshing as a real pool, liquidity pools are an important part of DeFi ecosystems. (Photo by Lee Jeffs on Unsplash)

DeFi Risks

No DeFi protocol is risk free, so evaluate your choices carefully. (Photo by Edge2Edge Media on Unsplash)

Making Money with DeFi

Although it might not add up to much, staking and yield farming are excellent ways to create passive crypto income. (Photo by Towfiqu barbhuiya on Unsplash)

DeFi is the Future

In the future, financial services will look like this! (Photo by Austin Distel on Unsplash)