So How Does DeFi Work, Anyway?

DeFi is defined as, “smart contracts that can execute trustless financial transactions," but beyond that, understanding what’s actually going on under the hood of DeFi protocols and how to use them is still a very narrow area of expertise. Wrapped assets, bridges, automated market makers––these are new tools foreign to the world of traditional finance. In this episode, Cindy Leow offers a primer on how both the technical and practical features of DeFi work. She also shares thoughts on the direction of DeFi in the next twelve months and what we have to look forward to.