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Assalam u alikum warah matullah, I hope you all community fellows doing well. I had a plan to share this post with all of you, from a very long time. But time is the most valuable things to us, I was not free. I was having some important works at home. So this will be a post about decentralized finance, but I can't cover full topic. As we all know this is decentralized finance which is the grand sea to dive. I will try my best to make this post. In this post I will cover what is Defi, little bit about compound, little bit about decentralized markets. I am leaving some topics for another post.

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Decentralized Finance (DEFI)

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In finance there are two types of it. Centralized finance (banks, stock markets, insurance companies and others) and Decentralized Finance (cryptocurrency is big example of it).
Decentralized finance is the opportunity for users. As centralized mean (somehow) the financial system controlled by any authority. Decentralized Finance is the opposite. Decentralized Finance is a system which is equal for poor and rich both.
Defi is not based on any single dApp or a site. It is based on decentralized applications.
Most of the fuel of DEFI is based on ETH, and DAI. Mean, decentralized finance is running throughout these Block-chains.
Defi allows users to connect with third party without any trouble, of social status. User have controll on his money.

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Compound

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Compound (compound.finance) a great example of decentralized finance. It is easy for developers to build community for users, and there are much more facilities. What is Compound? This need another post.
There are many works and things to do using compound. As one is, it is helpful for lenders, to provide loans to other users (borrowers) against their crypto assets (which is) locked in the compound protocol.

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Decentralized Markets

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Decentralized exchanges are operating according to bunch of rules. This allows users to trade cryptocurrencies. These are services that connects users with others. These are helpful to connect borrowers with lenders. Defi applications are built everyday, mostly. But defi exchanges are not so easy to build.

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I am very tired today, so ending my post very shortly. I will try to produce more quality content with more words next time. When I will plan to post about DEFI again. So the post needs an end.