[ONLINE] DeFi - Decentralized Finance

Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes smart contracts on blockchains, the most common being Ethereum.

DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts.

Some DeFi applications promote high-interest rates but are subject to high risk. By October 2020, over $11 billion was deposited in various decentralized finance protocols, which represented more than a tenfold growth during the course of 2020.

As of January 2021, approximately $20.5 billion was invested in DeFi. (as per wiki)

Join us on zoom at 6:00 pm

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About Bitcoin Bay:

Welcome to Canada's longest-running Blockchain Community and Blockchain Consultancy. Our mission is to grow the Blockchain Ecosystem globally – beginning from our home base in Canada. So that everyone benefits from it.

Bitcoin Bay is where your Blockchain journey begins.

If you have something to share, you will find an interested audience.

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The future is bright, you don't want miss out.

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When you have a moment please read the original Satoshi Nakamoto Whitepaper, that started it all: https://nakamotoinstitute.org/bitcoin

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Typical Agenda

6:00 Zoom Open
6:10 Community Announcements
6:30 Discussions
8:00 Meetup end