What is DeFi crypto for dummies?

DeFi, shorthand for “decentralized finance,” is a catchall term for a group of financial tools built on a blockchain . The idea is to allow anyone with internet access to lend, borrow and bank without going through middlemen. DeFi is one of the fastest growing areas of the blockchain and decentralized web space.

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What do you do with DeFi?

The more popular uses of DeFi include sending money anywhere in the world (in little time and affordably); storing money using crypto wallets (and earn higher yields than at a traditional bank); borrow and lend on a peer-to-peer level; trade cryptocurrencies anonymously and at any time 24/7; trade tokenized versions of …

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How does earn in Binance work?

The Auto-Subscription feature on Binance Earn will automatically compound your Savings and Staking yields every day to Flexible Savings . To compound returns from Binance Staking and Fixed Savings back into those products, resubscribe as soon as the subscription time is over.

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What is Binance Academy?

“Binance Academy is the leading blockchain and cryptocurrency education platform featuring hundreds of hours of content on Blockchain, cryptocurrency, economics, and more on your own schedule. Get a head-start in the new blockchain era. – The world is changing, fast.

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