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A Beginner's Guide to DeFi, Web3, & Overcoming Financial Fears

Updated: Nov 26, 2023

If you're someone who is skeptical of banks & the stock market, you're not alone. Many people have lost faith in these traditional financial institutions & are looking for alternative ways to secure their financial future. That's where DeFi & Web3 come in.

DeFi, or decentralized finance, is a new type of financial system that is built on blockchain technology. This means that it is decentralized, meaning that there is no central authority or middleman controlling the system. Instead, it is run by a network of users who use smart contracts to automate financial transactions. (We will go deeper into this as time goes on, in the meantime, check out our guy Kris Kay aka DeFi Donut)

Web3, on the other hand, is the next evolution of the internet, which is being built on blockchain technology. It is decentralized & gives users more privacy, security, & control over their data.

So why should you care about DeFi & Web3?

Well, for one, they offer a way to get your foot in the door of the financial system without relying on traditional ba