Binance Australia has announced the launch of its new video series 'DeFi 101' aimed at helping users get acquainted with the world of Decentralised Finance (DeFi), why it exists, and where to begin using decentralised applications and tools, including Ethereum smart contracts.
The video series, which will include Mark Monfort of the Australian DeFi Association and members of the Binance Australia team, will give a straightforward overview of the complicated world of DeFi.
In the first video of the series, it will answer the simple question of what is DeFi? where you'll learn about what it is, why it exists, and where to begin.
With so many alternatives available, it's imperative to have a foundational grasp of Defi apps and tools, which are the subject of the second video in the series.
The video goes on to explore peer to peer DeFi applications and the benefits of self custody, a term that is often thrown around when it comes to DeFi.
The third video in the series looks at the benefits and drawbacks of decentralised finance, laying out what to expect when getting into DeFi.
The video series also discusses the current applications of DeFi, including decentralised loans, decentralised exchanges, and use cases, all of which are essential for comprehending how DeFi might be utilised in day-to-day life.
The educational video series is an excellent resource for Australian crypto traders and investors looking to learn the basics of decentralised finance. The series will provide key concepts of how DeFi works and how it could be used in your everyday life.
The video series is available on Binance Australia's YouTube channel, and interested parties can click on any video to get started.
Binance is a global cryptocurrency exchange. Binance Australia operates a digital currency exchange registered with AUSTRAC in Australia.
The exchange is among the top crypto exchanges worldwide, with a strong focus on providing secure and transparent trading services to users.
Read more on the Binance Australia blog here.
Disclaimer
This content is for general information purposes only, and is not investment advice. Cryptocurrencies, including Bitcoin, are volatile and fluctuate on a day-to-day basis, thus, trading requires proper diligence and sound judgement in order to evaluate the risks associated.
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