With the advent of Bitcoin in 2009, a new type of asset class was spawned into existence. This novel type of internet money enabled anyone to mint, store, and transact crypto-tokens in a completely decentralized and permissionless way.

Since then, the crypto-sphere has seen a Cambrian explosion of new coins/tokens, blockchains, smart contracts, decentralized applications (dApps), and decentralized autonomous organizations (DAOs).

The next echelon of this astonishing evolution is the emergence of an entirely new decentralized financial system that is genuinely global, operates non-stop, and is open to anyone.

Decentralized Finance (DeFi) is reshaping how we think about storing, transacting, and incentivizing value creation. This new financial system has no central point of authority, making it resilient to censorship and manipulation. In addition, this new system employs deterministic algorithms that run on top of an open distributed ledger, making it utterly transparent and fair.

DeFi Book aims to help map out, document, and structure key insights and significant undertakings in Decentralized Finance (DeFi). It focuses mainly on DeFi’s technological aspects and the inner workings enabling this novel field.

AUTHOR

The author of DeFi Book is an avid crypto enthusiast who has been tracking Bitcoin since 2011 and became actively involved in 2013 after a deep dive into how Bitcoin works.