Skip to main
#DeFi #CryptoLingo In the spirit of Crypto never stopping or taking a day off, I decided to post an additional one for Sunday. The line-up for this upcoming week will be Mon - #SmartContract , Tuesday - #Staking , Wed - #WhitePaper , Thursday - #BlockchainGovernance , Friday - #NonFungibleToken , Saturday - #CryptoIRA , and Sunday #CryptoWallet . Again worth repeating that I am by no means an expert and just sharing as I learn myself. I hope it helps. The Breakdown: - "Decentralized finance, or DeFi, is a system by which financial products become available on a public decentralized blockchain network." - Investopedia - Practically speaking, DeFi allows for peer to peer intraction with a blockchain intermediary rather than conventional banks or brokerages with the hope of reduced fees and 24/7 access. - "Unlike a bank or brokerage account, a government-issued ID, Social Security number, or proof of address are not necessary to use DeFi." - Investopedia How do I find DeFi and its components? - "Decentralized finance is delivering tremendous value and utility to consumers through automation-driven, blockchain-based financial products and services that are defining a new crypto-economy." - Cryptopedia - This DeFi is made up of various technologies and protocols to create a decentralized system that is a collection of open-source technology, blockchain, and proprietary software - Stablecoins, crypto exchanges, and lending services integrate with smart contracts that execute set terms via specific code (rather than bank/intermediary) when specified criteria are met which makes the system go round What should I know about DeFi before investing? - "Decentralized finance uses technology to disintermediate centralized models and enable the provisioning of financial services anywhere for anyone regardless of ethnicity, age, or cultural identity." - Investopedia - Accessibility along w/ increased applications and adoption makes this space so much more than simply blockchain = cryptocurrency ... the future growth potential is exciting in my opinion - You will need to do your own homework but there are 4 layers to be aware of: Settlement Layer, Protocol Layer, Application Layer, and Aggregation Layer What are the downsides of DeFi for investing? - "Though the volume of trading tokens and money locked in smart contracts in its ecosystem has been growing steadily, DeFi is an incipient industry whose infrastructure is still being built out. " - Investopedia - "DeFi “rug pulls,” in which hackers drain a protocol of funds and investors are unable to trade, are common, though there are well-established protocols that can reduce this risk significantly." - Investopedia - In short, it is new, there will always be bad actors, it is not regulated like conventional systems and so there will be growing pains Resources: Investopedia and Cryptopedia / https://www.youtube.com/watch?v=t0i80Ci69pg P.S.: Leave a comment with your favorite place to learn about Cyrptocurrency! My favorite so far has been Gemini's Cryptopedia and then talking with @A007Kenny and @BREYZEHN - they run #STAKK https://www.youtube.com/channel/UCy4aq6msKipFkOcByprrdRw and also are active in group chats #CryptoFinance #EarlyAdopters #GrowthNotGreed
15
0
Own your future.
Build your portfolio.

All of your investing.
All in one place.

Invest in stocks, ETFs, crypto, and alternative assets on Public. Transfer your account to Public and get up to $10,000.
Sign Up
Products
Contact Us
Check the background of this firm on FINRA’s BrokerCheck.

© Copyright 2023 Public Holdings, Inc. All Rights Reserved.

Market data powered by Xignite.

Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Additional information about your broker can be found by clicking here. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”). This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. Additional information can be found here

Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”). This content is not investment advice. These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured. Alternative Assets purchased on the Public platform are not held in an Open to the Public Investing brokerage account and are self-custodied by the purchaser. The issuers of these securities may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell Alternative Assets. For more information on risks and conflicts of interest, see these disclosures. An affiliate of Public may be “testing the waters” and considering making an offering of securities under Tier 2 of Regulation A. No money or other consideration is being solicited and, if sent in response, will not be accepted. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification by the SEC or as stated in the offering materials relating to an investment opportunity, as applicable. An indication of interest to purchase securities involves no obligation or commitment of any kind.

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Apex Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Apex Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Please ensure that you fully understand the risks involved before trading: Legal Disclosures, Apex Crypto.

Dalmore and Apex Crypto, LLC are not affiliated with any of the Public Holdings subsidiaries. Commission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S.-listed, registered securities electronically during the Regular Trading Hours. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Open to the Public Investing’s Fee Schedule to learn more.

Fractional shares are illiquid outside of Public and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Fractional Share Disclosure to learn more.

All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns.