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Tyller Gachengoh Profile picture
Tyller Gachengoh
@Gachengoh
| Blockchain Developer | DeFi Lover| Smart Contracts|Web3| #DeFi | DApps!
Nov 12, 2021 • 10 tweets • 8 min read
1/ Thread: #DeFi For Dummies 002: #DeFi Basics.

DeFi is a hybrid #smartcontract that combines on-chain code with off-chain proofs.

DeFi relies heavily on cryptography and blockchain technologies.

#blockchain #DeFi
#smartcontracts 2/ Thread: #DeFi For Dummies 002: #DeFi Basics

DeFi is taking on the contractual agreement you find on the global financial system in a permisonless and open way. MakerDao was the first DeFi project started in 2015