Understanding Decentralized Finance (DeFi): A Look into the Future of Finance | Blum Academy

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In this video, Vladimir Smerkis dives deep into the world of Decentralized Finance (DeFi) and its potential to revolutionize traditional financial systems. We break down the fundamentals of DeFi, explain its advantages over conventional finance, and discuss how it eliminates intermediaries like banks and brokers. Learn how you can use decentralized exchanges (DEXs), liquidity pools, and non-custodial lending protocols like Aave and Compound to participate in a fairer and more efficient financial system.

Key Points:
- What is Decentralized Finance (DeFi)?
- How DeFi removes intermediaries (banks, brokers, etc.)
- Benefits of Decentralized Exchanges (DEXs) and how they work
- Non-custodial lending protocols like Aave and Compound
- The pros and cons of DeFi compared to traditional finance
- How blockchain enables transparency and direct interactions

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