DEFI - From Inception To 2021 And Beyond (History Of Decentralized Finance Explained)

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  • Опубліковано 26 вер 2024
  • So what’s the story behind Decentralized Finance? How has all of this started? What happened in DeFi in 2020? And where are we going in the future? You’ll find answers to these questions in this video.
    Although there is no one agreed-upon date when decentralized finance was born, there were a few important events that made DeFi possible.
    The first of them was the creation of Bitcoin in 2009 by Satoshi Nakamoto.
    Despite whether Bitcoin should be classified as DeFi or not, its inception was the key enabler for the whole cryptocurrency industry which decentralized finance is part of.
    Although sending Bitcoin around the world is cool - finance doesn’t stop there. Every robust financial system needs a set of other important services such as lending, borrowing, trading, funding or derivatives.
    Ethereum, with its Turing-complete programming language Solidity and the ERC20 standard for creating new tokens, quickly became a go-to smart contract platform to build on.
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КОМЕНТАРІ • 337

  • @Finematics
    @Finematics  3 роки тому +30

    💛 Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics
    ❓ What is your favourite part of the history of DeFi? Comment down below
    👍 Hit the like button if you enjoyed this video
    🐦 Follow Finematics on Twitter ► twitter.com/finematics
    📘 Check out our FREE Guide to DeFi ► finematics.com/guide-to-decentralized-finance/

    • @thefifthforyou9961
      @thefifthforyou9961 3 роки тому +1

      Hi, would you do a video on @FlareNetworks and @FlrFinance?

    • @stressrelief9597
      @stressrelief9597 3 роки тому

      DeFi is really great project in Crypto world..with so many altcoins and other investment ideas i really like where DeFi is going with new project Cream Finance! I just read that they merged with yearn finance making Iron Bank so you can get loans without collateral! :)

    • @choudhrysiddiq7305
      @choudhrysiddiq7305 3 роки тому

      I found your channel today and can’t stop watching, Amazing videos. Will support on Paterson too. Is there any way to talk to you ?

    • @Randomprowler1
      @Randomprowler1 3 роки тому

      Hi, would u do a video on Finxflo (fxf) coin?

  • @krysis3965
    @krysis3965 3 роки тому +68

    If Finematics did an ICO it would raise a million dollar easily. This is how good of a content this channel has.

  • @rafaelfarcher6955
    @rafaelfarcher6955 3 роки тому +142

    The first UA-cam channel I am considering supporting on Patreon. Keep making this unique content!

    • @Finematics
      @Finematics  3 роки тому +4

      Thanks a lot Rafael! :)

    • @Patrick-qi3yo
      @Patrick-qi3yo 3 роки тому +1

      Absolutely insane unicorn here, true

    • @povilas007
      @povilas007 3 роки тому

      Exactly my thoughts as well! These videos literally save me a lot of time learning about the whole crypto ecosystem. Concise, good graphics and straight to the point...and everything in one channel!

  • @JJCampuzano
    @JJCampuzano 3 роки тому +16

    this channel is my secret weapon for my DeFi presentations

  • @Gonzo0Gi
    @Gonzo0Gi 11 місяців тому +1

    Time to revisit this gem, miss you player hope to see you again.

  • @AshutoshSajche
    @AshutoshSajche 26 днів тому

    One of the best interviews I have been caught up in for a few years .

  • @scienceoffin
    @scienceoffin 3 роки тому +2

    A very rapidly changing world!

  • @hemanthgadiyar6589
    @hemanthgadiyar6589 3 роки тому +10

    The amount of work put into making this video is insane!! Thanks a lot for making such amazing videos.

  • @narwhaltacos2197
    @narwhaltacos2197 3 роки тому +2

    Super helpful. Leaving comment for the algorithm!

  • @user-xq7us9xl5r
    @user-xq7us9xl5r 3 роки тому +167

    There is so much advertisement polluted shit out there.
    THIS is so much better in so many ways.
    Very well done!!
    Thanks a lot for your effort with this important document.

    • @Finematics
      @Finematics  3 роки тому +5

      Thanks!

    • @ChiefKapui
      @ChiefKapui 2 роки тому

      @@Finematics Ready for you to cover the worlds first DEFI Engine! Scrypto is coming

  • @Marvellann
    @Marvellann 3 роки тому +12

    The best recap on the Dawn of DeFi out there!

  • @josiahjohnson2515
    @josiahjohnson2515 3 роки тому +21

    Superior job in presenting the history of Defi my friend, cudos! I really like explainer videos.

  • @christinewillis7545
    @christinewillis7545 3 роки тому +3

    Subscribed. No fakery, fud or bs. Respect from New Zealaand.

  • @mrjonkane
    @mrjonkane 3 роки тому +18

    This got me perfectly up to speed with the just the right amount of detail after a few years hiatus from crypto land! Good to be back but kicking myself for ever leaving 😄

    • @Finematics
      @Finematics  3 роки тому

      Glad it was helpful! Welcome back

  • @brianregan954
    @brianregan954 3 роки тому +5

    Bro this broke everything down. This shit is the future. Thank you so much.

  • @mailelye
    @mailelye 3 роки тому +7

    My favorite part will be the future of DEFI, Finematics your channel is INCREDIBLE ! thx

    • @Finematics
      @Finematics  3 роки тому

      Thanks E R, the previous reply was from a scammer that pretends to be our account. We never offer any investment advice.

    • @stressrelief9597
      @stressrelief9597 3 роки тому

      DeFi is really big project in Crypto world! If you are into DeFi you should definitely check Cream Finance as well! They joined with YFI and made Iron Bank, which will be really big in borrowing protocols since now you don't need any collateral when lending funds..

  • @aazuolass
    @aazuolass 3 роки тому +7

    Man, this is really high-quality stuff. Thank you so much for the work and clear breakdown. Keep it up

    • @Finematics
      @Finematics  3 роки тому

      Thanks. Much appreciated! :)

  • @zeptify3402
    @zeptify3402 3 роки тому +1

    Dude literally the best video i've ever watched on youtube. Thank you so much. Sending to everyone I know. This is the future.

  • @Patrickjohnphotography
    @Patrickjohnphotography 3 роки тому +4

    Yikes! I watched this video in one go. I think I need a smoke and to go hug my money. Man, the world is in for a big change in the coming years.

  • @hariharaniyer4800
    @hariharaniyer4800 3 роки тому +4

    The amount of effort you put into each video is commendable!

  • @PhongNguyen-tp7lg
    @PhongNguyen-tp7lg 3 роки тому +3

    one of the greatest channels about Defi out there!

  • @luluu7808
    @luluu7808 3 роки тому +2

    Extremely valuable course with such high quality

  • @princeludju3414
    @princeludju3414 3 роки тому +1

    Best content ever regarding DEFI. Thank you very much for your time. i GUESS Iit's very time consuming to realise this kind of content so BIG THANKS TO SHARE YOUR KNOWLEDGE

  • @rsraleigh
    @rsraleigh 3 роки тому +1

    Really good video! Thank you

  • @hohoiyi
    @hohoiyi 3 роки тому +5

    Good to have this UA-cam channel explaining Defi in detail. I really like the videos.
    Would you please recommend some useful resources (eg: books, websites) for those who want to know more about Defi?

  • @MillionaireTrader
    @MillionaireTrader 3 роки тому +2

    Things moving pretty quick
    Exciting future ahead

  • @jboyce007
    @jboyce007 3 роки тому +1

    This channel calls the parabolic BEFORE it happens!

  • @coinrotator
    @coinrotator 3 роки тому +4

    This was the first time I understood why people were pissed at chef nomi. It wasn't that he cashed out its that he sold his entire known stake. Excellent channel, subscribed.

  • @dheeraj_one
    @dheeraj_one 3 роки тому +2

    You can ignore it if you want but fact is HEX launched in December 2019 and became more than 50% of total Uniswap liquidity, that liquidity was what helped make Uniswap popular.

    • @BlockchainGains
      @BlockchainGains 3 роки тому +1

      I was just about to say and now we have Hex but what a surprise 60% through it and NO MENTION OF THE KING OF DEFI

  • @mariyamshamshidova7513
    @mariyamshamshidova7513 2 роки тому +1

    This is such a sick channel!!!!!

  • @khangvutien2538
    @khangvutien2538 Рік тому +2

    Even more interesting to watch one year later, in 2022, after the fall of FTX
    How about doing an update?

  • @benjaminw2194
    @benjaminw2194 3 роки тому

    Very well researched and presented. Unlike other channels just regurgitating information that is public knowledge.

  • @KeystoneWallet
    @KeystoneWallet Рік тому +1

    This is a great video!

  • @lilbritofeverything
    @lilbritofeverything 3 роки тому +1

    Amazing info!!! Well done!

  • @hussamulhaq893
    @hussamulhaq893 3 роки тому

    Ladies and gentlemen! Satoshi Nakamoto himself explaining DEFI.

  • @AmolMY
    @AmolMY 3 роки тому +1

    DeFi is Inevitable

  • @eduardomelnik7818
    @eduardomelnik7818 3 роки тому +1

    Your videos are fantastic. Best channel for defi stuff

  • @erickmandianez
    @erickmandianez 3 роки тому +1

    Amazing video Jakrub super informative

  • @AlexGhoro
    @AlexGhoro 2 роки тому +1

    This channel is amazing, looking forward more videos!

  • @hongtaozhong1172
    @hongtaozhong1172 3 роки тому +1

    Very great content. You really understood the idea of DeFi unlike those scammers out there

  • @ayushgupta2611
    @ayushgupta2611 3 роки тому +4

    This is for sure the most comprehensive and summarised video of the journey of Defi from 2017. Kudos to the Finematics channel. One thing which is missing though is the Flash Loans!

    • @UserHuge
      @UserHuge 3 роки тому

      This would likely cover the keepers community…

  • @wizefinance9440
    @wizefinance9440 3 роки тому

    Love it like always.

  • @allantankl
    @allantankl 3 роки тому +4

    Superb job done here! I’m hooked to your nicely explained videos. Keep it coming!

  • @indianfoodyspicywithsamir
    @indianfoodyspicywithsamir 3 роки тому +1

    Good information

  • @muhammadabu-izzah971
    @muhammadabu-izzah971 3 роки тому +1

    Great job!!!

  • @godini69
    @godini69 3 роки тому +8

    First! Love this channel.

  • @EmcoMusic
    @EmcoMusic 3 роки тому +1

    You are amazing. Thank you for the effort you put into these videos. Great man

  • @gregbuck8137
    @gregbuck8137 3 роки тому +1

    Well done!

  • @hugueskirst4162
    @hugueskirst4162 3 роки тому

    Great Job!
    Can't wait for more DeFi on Bitcoin! 🚀

  • @ml348126
    @ml348126 3 роки тому

    Great Content. Thank you!

  • @TonyBarrak
    @TonyBarrak 3 роки тому

    Cool channel keep up the good work, thank you.

  • @jahsoncole
    @jahsoncole 3 роки тому +1

    New subscriber, excellent content!!!, gives me a much bigger view of this crazy world of crypto. I got 10 AAVE recently and just got even more happy about my decision. As usual, my only regret is not buying when I first looked at it in September 2020 and several other times since then.

    • @bolgert911
      @bolgert911 3 роки тому

      Mate have a look at next gen Defi! coins like pancake/cake, Venus/xvs and thugs.
      Uni and aave are yesterday's news
      Thank me later..

  • @TheologyJeremy
    @TheologyJeremy 3 роки тому

    This was so well done. Liked and subscribed. Gonna go watch some more videos now.

  • @akegapak
    @akegapak 3 роки тому

    good Defi history content.

  • @valeriyvelchev9595
    @valeriyvelchev9595 3 роки тому +1

    Thanks

  • @rahulkaushik4194
    @rahulkaushik4194 3 роки тому +1

    Wow! This was an amazing explanation. Keep providing value my friend.

  • @lixinliu6375
    @lixinliu6375 Рік тому

    This is so great!

  • @gazat4
    @gazat4 3 роки тому

    brilliant video it helped me to catch up on whats been happening since i left crypto after the 2017 crash. I just wish I got back in sooner rather than later and didn't miss out on the defi crypto first wave. I made my first crypto purchase of one Aave and it went up by $200 in a few days. The gains from Defi projects is insane.

  • @editfiles7586
    @editfiles7586 3 роки тому +1

    You are amazing. Thank you for the detailed explanation.

  • @drewfriestedt1832
    @drewfriestedt1832 3 роки тому +2

    Amazing statistics. Great job on this video

  • @magicturtle12
    @magicturtle12 3 роки тому +1

    super small complaint, but you forgot to mention ForkDelta :^) the superior dex back in the day. Great content keep it up!

  • @Peglegkickboxer
    @Peglegkickboxer 3 роки тому +1

    Wow this is very well explained and thought out. Well done sir.

    • @Finematics
      @Finematics  3 роки тому

      Thanks. Glad you liked it! :)

  • @heeyunmin1837
    @heeyunmin1837 3 роки тому +1

    Very well made and well explained. Thank you!

    • @Finematics
      @Finematics  3 роки тому

      Thanks. Glad it was helpful!

  • @dalelinney8437
    @dalelinney8437 3 роки тому +1

    Excellent content. Good to put some of these new coins in context.

  • @notlessgrossman163
    @notlessgrossman163 3 роки тому +1

    Didn't mention theDao which was pivotal.. but great presentation

  • @TraderMidas
    @TraderMidas 3 роки тому +1

    Love your content, outstanding visualization work! Thank you and Good Luck;)

  • @oceans.bitmap
    @oceans.bitmap 3 роки тому

    Loved the defi flashback, defi is definitely the future of crypto, would love to learn more about layer2 solutions and defi on BTC (defi chain) from you.
    Thanks for the knowledge

  • @tekkertruth1256
    @tekkertruth1256 3 роки тому +4

    Damn this is complicated

    • @topdnbass
      @topdnbass 3 роки тому

      😂 you must be new this is probably his first video I actually understood

  • @LOGICZOMBIE
    @LOGICZOMBIE 3 роки тому +1

    Thank you for your contribution.

  • @Vqrdict
    @Vqrdict 3 роки тому +1

    Can you do a video on how good you think the Cardano project is compared to the Etherium project, pros and cons of both then an overall outcome, also where you think Cardano will be priced in the future once gougen/smart contracts are released in March

  • @farznazari9559
    @farznazari9559 3 роки тому +1

    I like your style. Keep going with that 👌

  • @codemuhammed
    @codemuhammed 2 роки тому

    The ability for anyone to access financial services freely without restrictions will change the world!. See you on the other side future crypto-millionaires!

  • @Keng48770
    @Keng48770 3 роки тому +1

    hey man, just want to say the your video are really well made. and i already subscribe to your patreon.
    keeping making great video man. 👍

    • @Finematics
      @Finematics  3 роки тому

      Thanks Supason! Welcome aboard :)

  • @jesseallan9006
    @jesseallan9006 3 роки тому

    Thank you! Answered many of my questions.

  • @GonTaro0001
    @GonTaro0001 3 роки тому +1

    Awesome summary, thanks a lot for the effort & sharing!

  • @yasmingarcia6113
    @yasmingarcia6113 3 роки тому +1

    Love your video!! Thanks a lot!

    • @Finematics
      @Finematics  3 роки тому

      Thanks. Glad you enjoyed it! :)

  • @vincenzogarden1739
    @vincenzogarden1739 3 роки тому +1

    excelent!

  • @tensevo
    @tensevo 3 роки тому +1

    Maker and DAI is really interesting.

  • @JonathanOrdonezMX
    @JonathanOrdonezMX 3 роки тому +5

    Your videos are very insightful. Thank you. I’d only recommend you run a de-esser since the s are very loud

  • @pjay19721
    @pjay19721 3 роки тому +1

    Good video, however we can argue that Reggie Middleton is the godfather of Defi via Veritaseum token and exchange

  • @mikelajackson9763
    @mikelajackson9763 3 роки тому +3

    He has done it again! Love your videos, it must take a lot of time to produce the videos but I wish we could get them more often xD. Can we also get a video on Synthetix?

    • @Finematics
      @Finematics  3 роки тому +3

      Thanks! I'll try to aim at 1 video per week in 2021. There will be a video on derivatives first and on Synthetix later. Stay tuned :)

    • @siriusfun
      @siriusfun 3 роки тому

      @@Finematics Would also love to learn more about ZAP if possible!

  • @Eld0g5
    @Eld0g5 3 роки тому +1

    amazing!! love your content!

    • @Finematics
      @Finematics  3 роки тому

      Awesome to hear! Thanks :)

  • @kvancacar8643
    @kvancacar8643 3 роки тому +2

    A few good defi projects developed on Binance Smart Chain lately. It would be great if those projects are examined by you Finematics.

    • @Finematics
      @Finematics  3 роки тому +2

      There is a plan to explore DeFi on other chains. Stay tuned! :)

  • @nikolasologub1657
    @nikolasologub1657 3 роки тому

    Brilliant summary! Great work!

  • @cyberfiles8076
    @cyberfiles8076 3 роки тому +1

    Quality stuff as usual. Thanks

  • @hipstershep
    @hipstershep 3 роки тому +1

    Great video, are you able to do an overview of decentralised fiat on/off ramps please? Why there are very few/none, wht challenges need to be overcome? Thanks

  • @florian1054
    @florian1054 3 роки тому

    Really really good quality content ! Thank you good sir.

  • @yo6ur
    @yo6ur 3 роки тому +1

    Thx for this, amazing content like always

  • @victoridem393
    @victoridem393 11 місяців тому

    So interesting video.. I come to know much about defi. Thanks to Reef Chain which is an EVM compatible blockchain for DeFi, NFTs and Gaming.

  • @TheFluffyFix
    @TheFluffyFix 2 роки тому

    Terra anchor was an amazing idea

  • @siriusfun
    @siriusfun 3 роки тому +2

    Excellent content - much appreciated! Now subbed.

  • @alanchadwick485
    @alanchadwick485 3 роки тому

    I'm looking forward to DeFi on the Flare Network with Flare Finance, launching in April 2021

  • @tapassew8652
    @tapassew8652 3 роки тому

    those stories are really inspiring but would be cool to here the story of stablecoins, particularly tether

  • @jastallion45
    @jastallion45 3 роки тому

    Wow bro appreciate the understanding

  • @fadior3270
    @fadior3270 3 роки тому +1

    Excellent video

  • @Patrick-qi3yo
    @Patrick-qi3yo 3 роки тому +2

    I can see you becoming the @aantonop of DeFi

    • @Finematics
      @Finematics  3 роки тому +1

      Thanks! Andreas is great :)

  • @takeinova22
    @takeinova22 2 роки тому

    You're work is brilliant. By chance can you do an updated timeline to present time?

  • @tosin4arsenal
    @tosin4arsenal 3 роки тому

    You guys should read about PRIMEDAO. Future of open finance.

  • @coffeemug9747
    @coffeemug9747 3 роки тому +1

    Have you heard about FEG? They are launching their own exchange this month and already have a team of capable developers. They already released an IOS app just to track your FEGs and it is insanely undervalued with 0.0000000004 per token, HUGE potential in sight. Whats your opinion?

  • @arifg7269
    @arifg7269 3 роки тому +2

    Love your content! Keep it up. Would love to hear what you think about REEF finance