As much as I want to say DeFi and crypto is easy to enter, it is not easy to fully grasp and understand it. First you need to understand technology. Then to understand math, finance and economics.
This channel is to help you bridge the learning gaps. A subscriber, shout out to Magnus, mentioned that a general ELI5 episode would be good to run through the few common terms.
Here, I’ve picked up 15 terms that are commonly used. Instead of giving you the “just google what it means” term, this is an ELI5 explanation with human explanation. That’s the best way to learn, in my experience.
15 terms we run through and explain:
1) Layer 1
2) Layer 2
*DeFi General Terms*
5) Money Lego
*Scalability Problem + Solution*
7) Scalability (oh damn I spelt it wrong. Sorry guys)
*More Technical Elaboration*
10) ZK roll-up
11) Optimistic roll-up
13) Quadratic Funding
14) Flash loans
15) Front Running