Binance Australia has announced the launch of its new video series ‘DeFi 101’ aimed at helping users get acquainted with the world of Decentralised Finance (DeFi), why it exists and where to begin using decentralised applications and tools, including Ethereum smart contracts.
The video series will provide a simple explanation of the complex world of DeFi and is set to feature Binance Australia team members, as well as from Mark Monfort of the Australian DeFi Association.
In the first video of the series, it will answer the simple question of what is DeFi where you’ll learn about what it is, why it exists and where to begin.
The second video of the series focuses on Defi applications and tools, with so many different options out there it’s essential to have an understanding of the basics.
The video goes on to explore peer to peer DeFi applications and the benefits of self custody, a term that is often thrown around when it comes to DeFi.
The third video of the series looks at the benefits and drawbacks of decentralised finance, laying out what to expect when getting into DeFi.
The video series also talks about where DeFi is used in the world today, covering topics such as decentralised lending, decentralised exchanges and the use cases, which are crucial for understanding how DeFi could be applicable in daily life.
The educational video series is an excellent resource for Australian crypto traders and investors looking to learn the basics of decentralised finance. The series will provide key concepts of how DeFi works and how it could be used in your everyday life.
The video series is available on Binance Australia’s YouTube channel, and interested parties can click on any video to get started.
Binance is a global cryptocurrency exchange. Binance Australia operates a digital currency exchange registered with AUSTRAC in Australia. The exchange is among the top crypto exchanges worldwide, with a strong focus on providing secure and transparent trading services to users.
Read more on the Binance Australia blog here.
