EP 32: Simplified Explanation of 15 DeFi and Crypto Terms || Human Glossary

As much as I want to say DeFi and crypto is easy to enter, it is not easy to fully grasp and understand it. First you need to understand technology. Then to understand math, finance and economics.


This channel is to help you bridge the learning gaps. A subscriber, shout out to Magnus, mentioned that a general ELI5 episode would be good to run through the few common terms.


Here, I've picked up 15 terms that are commonly used. Instead of giving you the "just google what it means" term, this is an ELI5 explanation with human explanation. That's the best way to learn, in my experience.


15 terms we run through and explain:


*General Classification*

1) Layer 1
2) Layer 2
3) Dapp


*DeFi General Terms*

4) DeFi
5) Money Lego
6) Compostability


*Scalability Problem + Solution*

7) Scalability (oh damn I spelt it wrong. Sorry guys)
8) Sidechain
9) Roll-ups


*More Technical Elaboration*

10) ZK roll-up
11) Optimistic roll-up
12) ZK-SNARKS


*Other Terms*
13) Quadratic Funding
14) Flash loans
15) Front Running



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*Disclaimer*
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.

#defiglossary #ELI5 #defi #economicsdesign #tokeneconomics #tokenomics #DeFi