An Introduction to Decentralized Finance (DeFi)

A friend of mine that was familiar with Bitcoin, but a bit confused by all the developments that happened with DeFi this past year, asked if I could do an article explaining the basics. Here is my best shot at it.

The growing Decentralized Finance (DeFi) ecosystem has been one of the biggest stories in crypto this year, but things have developed so fast that many people are still…