Cryptocurrency Guide Sunil Sharma: DeFi information for beginners

DeFi is the future of finance. Cryptocurrency Guide Sunil Sharma explains easy ways to earn lending, staking and passive income through decentralised apps.

 

DeFi information for beginners – Sunil Sharma

Finance is changing rapidly in today’s world, and at the centre of this change is Decentralised Finance (DeFi). There is no need to depend on banks or intermediaries in this. Through blockchain technology, you can lend money yourself, earn interest or take a loan. In this blog, I, Sunil Sharma, will explain DeFi to you in simple language.

Cryptocurrency Guide Sunil Sharma

What is DeFi?

DeFi means Decentralised Finance. It runs on blockchain networks (such as Ethereum). It uses smart contracts, which transact directly instead of banks. Meaning – no paperwork, no bank approval.

Key features of DeFi

Lending and borrowing: On platforms like Aave or Compound, you can earn interest by lending your crypto or take an instant loan by collateralising your coins.

Staking: In this, you lock your crypto on the network and get rewards in return.

Yield farming: In this, investors provide liquidity to DeFi platforms and earn good returns in return.

Easy access: Anyone with internet can use DeFi; it is completely global.

Why is DeFi the future of finance?

Traditional banking has a lot of rules, fees and limits. DeFi, on the other hand, is transparent, secure and completely under the control of the user. It gives financial freedom to people around the world without the permission of banks and governments.

How do beginners get started in DeFi?

Do research first: Understand each platform before moving forward.

Start investing small: Try with a small amount in the beginning.

Use a secure wallet, like MetaMask or Trust Wallet.

Keep learning regularly, because the world of DeFi changes very fast.

Conclusion

Crypto Coach Sunil Sharma

Sunil Sharma

Crypto Coach Sunil

Sunil Sharma Crypto Coach

India Crypto Expert Sunil Sharma

DeFi is not just a trend but a revolution of the future. Be it lending, staking or earning passive income – there is an opportunity for everyone. As I, Sunil Sharma, believe, the sooner you learn about DeFi, the easier it will be for you to step into the future financial world.

Originally posted on WordPress


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