Introduction to the Ethereum Blockchain & DeFi

Ethereum is a blockchain that is well known for being a platform in which you can deploy applications and programs that run directly on the blockchain. Ethereum achieves this with the use of Smart contracts. Smart contracts are powerful because they let you do really valuable things like store and process assets and money but without the dependancy of others. Ultimately, this means that for you as the user, you have more flexibility, control and less dependancy on others to manage and use your financial assets. Applications like Fama deploy smart contracts to automate financial functions to manage assets and generate returns. This sector is called Decentralized Finance (DeFi) and there are other protocols which provide functions like exchange and lending directly on the block chain.