DeFipedia Answers
Our DeFi experts share their knowledge and answer your questions about decentralized finance, covering topics like dApps, DEXs, DAOs, yield farming & staking, DeFi protocols, and more.
Recent Answers
Swap vs. DEX: What's the Difference?
What Is Decentralized Exchange (DEX)? A DEX, short for decentralized exchange, is a peer-to-peer marketplace that facilitates the transaction of cryptocurrencies using blockchain-run smart contracts.
Asked 4 years ago
Yield Farming vs. Staking: What’s the Difference?
Defining the Crypto Generating Methods What Is Yield Farming? Yield farming is a broad term that refers to generating multiple layers of income on your crypto savings via DeFi protocols. Here, you're
Asked 4 years ago
What Does APY Mean in Crypto?
What Does APY Mean? Annual Percentage Yield (APY) is the rate of return on an investment in a year, factoring in the compounding interest. Compound interest is the interest you earn on your interest—n
Asked 4 years ago
DApp vs. Smart Contract: What’s the Difference?
What Are Dapps? Decentralized applications (DApps), are automated programs or applications like Android and iOS apps. The difference is that they interact with smart contracts on the blockchain. Any
Asked 4 years ago
Why Is DeFi Based on Ethereum Network?
Decentralized finance, abbreviated as DeFi, is an umbrella term for financial products and services built mostly on the Ethereum ecosystem. DeFi ensures financial markets and services are open 24/7, w
Asked 4 years ago
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