The old system of finance is not working. The rich get richer and the poor get poorer due to the Cantillon Effect. It's time for a new system where the people are in control. 

In this episode, you will learn the following:
1. How decentralized finance (DeFi) is changing the financial landscape by breaking down barriers and providing more options for peer-to-peer transactions.
2. How DeFi can be used to provide loans and other financial products without the need for a centralized bank or other third parties.
3. How to get started with using DeFi, including understanding the different protocols and tokens involved.

Chapter Summaries:
1) Learn about traditional and nontraditional forms of financial systems and how DeFi will change the way people exchange goods and services.

2) DeFi is a new financial system that is built on blockchain technology. It uses automated programs, aka smart contracts to help this ecosystem. Traditional finance works in a way where there is a centralized bank. DeFi takes all third parties out. It removes the third parties and allows people to transact with one another. There are transaction fees, but they are low compared to the traditional model of financing.

3) The DeFi protocols are different than traditional finance. They allow different lending protocols. People can have more control over their funds. The stakes or control of the funds are distributed among all the different shareholders in the system. Traditional finance is based on money held by banks and corporations. DeFi is going to take a strong stand and help break down these barriers. Central or centralized banks are unable to do at the time. They are going to be left behind and lose an aspect of their already engaged population. The unbanked population will understand these DeFi protocols more and more.

4) In peer-to-peer finance, people have the power to offer their assets up in a borrowing lending protocol. They have access to getting some kickbacks and staking rewards for allowing a chain or a person to borrow their assets. He has made tons of native tokens in a blockchain by allowing his assets to be staked.

Free Download:
“The Words of Web3” - A comprehensive glossary of terms used in the space https://mailchi.mp/9d043022b5a0/words-of-web3

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