What is decentralized finance and how it is seeking to solve the shortcomings of centralized finance. How BlockFi and MakerDAO, early entrants in the DeFi space work. How to earn up to a 9% yield with cryptocurrency lending.Topics covered include:How centralized finance differs from decentralized finance (DeFi)What are the shortcomings of centralized finance and why decentralized finance is more inclusiveWhat are the key elements of DeFiHow Ethereum smart contracts workHow MakerDao and Dai work and replicate many aspects of the modern financial systemHow BlockFi operates using overcollateralized and undercollateralized loansWhat are the risks of cryptocurrency lending using BlockFi and DaiThanks to LinkedIn and Truebill for sponsoring the episode.For more information on this episode click here.Show NotesCrypto Lending Interest Rates for April 2021—DeFi RateDeFi and the Future of Finance by Campbell R. Harvey, Ashwin Ramachandran, and Joey SantoroMillions Lost: The Top 19 DeFi Cryptocurrency Hacks of 2020 by Anton Tarasov—Crypto BriefingBitcoin Lending & Borrowing w/ BlockFi’s Zac Prince & Mark Yusko—Bitcoin Fundamentals by the Investor's Podcast NetworkBlockFi lands a $350M Series D at a $3B valuation for its fast-growing crypto-lending platform by Mary Ann Azevedo—Tech CrunchBlockFi Hacked Following SIM Swap Attack, But Says No Funds Lost by Graham Cluley—TripwireMaker Protocol Full Guide: How to Make Money with DAI by Evan Ezquer—Asia Crypto TodayDeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop by Brady Dale and William Foxley—CoinDeskCelsius Network Interest Rates, Explained—CelsiusWhat Crypto Lender Celsius Isn’t Telling Its Depositors by Nate DiCamillo—CoinDeskRelated Episodes304: A 15% Guaranteed Return? Lending on the Fringes of Finance319: Here Come Central Bank Digital Currencies335: Are Non-Fungible Tokens Good Investments?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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