When people hear the word blockchain, the first thing that often comes to mind is Bitcoin or cryptocurrency. While it’s true that blockchain technology powers cryptocurrencies, the two terms are not interchangeable. In fact, the widespread association of blockchain with crypto has caused significant confusion and even skepticism in the general public.
This blog post aims to clear up that confusion. We’ll explain the fundamental difference between blockchain and cryptocurrency, and explore the wide array of real-world applications of blockchain technology — far beyond digital currencies.
What Is Blockchain?
At its core, blockchain is a type of distributed ledger technology (DLT). Think of it as a secure, digital record-keeping system that is shared across a network of computers. Each record (or “block”) is linked to the previous one, forming a “chain” that is immutable — meaning it cannot be altered once added.
The key features of blockchain include:
Transparency: Everyone in the network can view the same data.
Security: Data is encrypted and validated through consensus mechanisms.
Decentralization: No single authority controls the network.
Immutability: Records are permanent and tamper-proof.
What Is Cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrencies like Bitcoin, Ethereum, and many others use blockchain to record transactions securely and transparently.
In simple terms:
Cryptocurrency is just one application of blockchain technology — not the technology itself.
Why the Confusion?
The confusion arises because Bitcoin was the first popular application of blockchain technology. For many people, their first and only exposure to blockchain has been through crypto trading, investing, or news coverage related to scams, price swings, or regulatory crackdowns.
This limited exposure creates the false impression that blockchain equals cryptocurrency, which is far from the truth.
Blockchain Applications Beyond Cryptocurrency
Here are several industries where blockchain is being used today — without involving cryptocurrencies:
1. Supply Chain Management
Blockchain allows companies to track goods from their origin to the end consumer. This improves transparency, prevents fraud, and ensures ethical sourcing (e.g., tracing whether diamonds or cocoa are conflict-free).
Example: IBM’s Food Trust platform helps companies trace the journey of food items, improving safety and reducing waste.
2. Healthcare
Blockchain can be used to secure patient records, ensuring that data is accessible only to authorized parties and protected from tampering or hacking.
Example: MedicalChain and other projects use blockchain to allow patients to control access to their own health data.
3. Voting Systems
Blockchain can power secure, transparent, and tamper-proof digital voting, potentially solving problems of election fraud and increasing voter trust.
Example: Estonia and some U.S. states have piloted blockchain voting systems.
4. Digital Identity
Blockchain can be used to create self-sovereign digital identities that are secure and verifiable — reducing identity theft and simplifying access to services.
Example: Projects like ID2020 and Sovrin aim to provide blockchain-based digital identity systems for refugees and underserved populations.
5. Finance and Banking (Beyond Crypto)
Banks are using blockchain for cross-border payments, smart contracts, and real-time settlement — increasing speed, reducing fees, and improving security.
Example: JP Morgan’s Onyx platform and RippleNet use blockchain for fast, international transactions without relying on cryptocurrencies directly.
6. Real Estate and Land Registry
Blockchain can simplify the process of buying and selling property by recording ownership, preventing fraud, and reducing paperwork.
Example: Countries like Sweden and Georgia have adopted blockchain to record land titles.
7. Education and Credentials
Universities and institutions are issuing tamper-proof academic certificates on the blockchain that are instantly verifiable by employers.
Example: MIT issues blockchain-based diplomas that graduates can share with employers or institutions globally.
Final Thoughts
It’s time to separate the technology (blockchain) from just one of its use cases (cryptocurrency). While cryptocurrencies have their place, the potential of blockchain stretches far beyond digital coins.
From revolutionizing healthcare and education to transforming government and finance, blockchain is poised to be one of the most impactful technologies of our time.
Understanding this distinction helps us better embrace innovation — and move past the hype or fear often associated with crypto headlines.
Call to Action If you’ve only associated blockchain with Bitcoin, now is the time to dig deeper. Explore how this powerful technology can transform industries and improve trust, transparency, and efficiency in everyday life.
Stay informed. Stay curious. The future is blockchained — with or without the coins.
Artificial Intelligence (AI) and blockchain are two of the most transformative technologies of our time. AI brings intelligence, automation, and creativity, while blockchain ensures transparency, data integrity, and security. When combined, these two powerful forces complement each other to create robust, privacy-respecting, and highly efficient digital systems. The convergence of AI’s generative capabilities with blockchain’s secure and decentralized infrastructure is not just a trend—it’s a revolution in the making.
1. The Rise of Generative AI
Generative AI, especially large language models (LLMs) and image synthesis models, has demonstrated tremendous power in creating content, writing code, generating art, composing music, and even designing complex systems. From ChatGPT to DALL·E, these models are transforming industries by automating creative and cognitive tasks.
However, this explosion of AI-generated content also raises critical concerns:
Data authenticity: Who created the content? Can we trust it?
Ownership rights: Who owns the data generated by AI?
Privacy: Is the training data ethically sourced and protected?
These are questions that blockchain is uniquely positioned to answer.
2. Blockchain: Trust, Transparency, and Data Sovereignty
Blockchain technology is fundamentally a decentralized, tamper-resistant ledger. It excels in ensuring:
Data integrity: Once data is recorded, it cannot be altered without consensus.
Decentralization: No single point of failure or control.
User privacy and sovereignty: Through self-sovereign identity (SSI) and cryptographic tools like zero-knowledge proofs.
In AI, where data is both the input and the output, blockchain ensures that this data is secure, traceable, and ethically managed.
3. The Symbiotic Relationship: AI + Blockchain
a. Provenance and Trust in AI-Generated Content
Blockchain can store metadata about AI-generated content—such as when it was created, by whom, using which model—ensuring provenance. This makes it possible to verify the authenticity of content in a world plagued by deepfakes, misinformation, and AI-generated media.
b. Training Data Transparency
AI models often require massive datasets to train. Blockchain can record where training data comes from, how it was obtained, and under what licensing terms—ensuring ethical AI and helping mitigate bias or misuse.
c. Incentivized Data Sharing
Through tokenization and smart contracts, blockchain can create marketplaces where users are rewarded for sharing data securely with AI developers. This opens up privacy-preserving, decentralized AI training systems that don’t rely on big tech monopolies.
d. Decentralized AI Models
By integrating blockchain, AI models can be deployed on decentralized networks (e.g., the Internet Computer, Ocean Protocol, or Fetch.ai), allowing models to run without centralized servers, reducing censorship, and increasing resilience.
4. Real-World Use Cases
Healthcare: AI analyzes patient data for diagnosis, while blockchain ensures the data remains private, auditable, and owned by the patient.
Finance: AI detects fraud in real time, while blockchain provides transparent transaction logs that cannot be altered.
Supply Chain: AI predicts delays or optimizes routes, while blockchain ensures the traceability of goods from source to shelf.
Digital Identity: AI verifies identity biometrics, while blockchain anchors that identity in a tamper-proof, self-sovereign framework.
5. Challenges and the Road Ahead
While the combination is promising, integration comes with challenges:
Scalability: Blockchain networks must handle AI’s data throughput demands.
Interoperability: Connecting different blockchains and AI systems seamlessly.
Regulation: Both fields face evolving regulatory scrutiny, especially around data protection and accountability.
Nevertheless, as Web3 infrastructure matures and AI governance frameworks evolve, this fusion will become more seamless and powerful.
Conclusion
The marriage of AI and blockchain is more than a technological convergence—it’s the foundation of a new digital paradigm. AI gives systems the ability to learn, create, and make decisions. Blockchain ensures those systems remain secure, transparent, and accountable. Together, they empower a future where innovation doesn’t come at the cost of trust, privacy, or ethical responsibility.
As we stand at the intersection of intelligence and integrity, AI and blockchain are not just complementary—they are indispensable allies shaping the next generation of the internet.
In a world where digital currencies are becoming mainstream, RedotPay stands at the forefront, transforming how we handle our crypto assets. RedotPay bridges the gap between cryptocurrencies and everyday spending, making it as easy to use your digital assets as traditional fiat money.
Seamless Integration
RedotPay offers both virtual and physical cards that are widely accepted across 44 million merchants globally. Whether you’re paying for a coffee, booking a flight, or shopping online, RedotPay ensures your crypto transactions are smooth and hassle-free. With compatibility with Apple Pay and Google Pay, you can use your digital wallet on your smartphone without needing to convert your crypto into fiat currency in advance.
Instant Transactions
One of the standout features of RedotPay is its instant transaction capability. Unlike traditional banking systems that can take days to process transfers, RedotPay enables real-time payments. This feature is particularly beneficial for those who need to make quick transactions without the wait time typically associated with crypto conversions.
Security You Can Trust
Security is paramount when it comes to managing digital assets. RedotPay provides robust custodial services with $50 million insurance coverage, giving you peace of mind that your assets are protected. The platform’s advanced security measures ensure that your transactions and personal data remain safe.
Zero Fees
RedotPay offers fee-free crypto transfers, making it an economical choice for users. You can transfer your digital assets without worrying about hidden charges or additional costs. This feature is particularly advantageous for regular users who want to maximize the value of their assets.
User-Friendly Experience
Designed with the user in mind, RedotPay’s platform is intuitive and easy to navigate. Whether you are a seasoned crypto enthusiast or a newcomer to the digital currency world, RedotPay makes the process straightforward and user-friendly.
Expanding Horizons
As cryptocurrency adoption continues to grow, RedotPay is committed to expanding its services and staying ahead of the curve. By continuously innovating and adapting to market needs, RedotPay ensures that it remains a leader in the crypto payment space.
Conclusion
RedotPay is more than just a payment platform; it’s a gateway to the future of financial transactions. With its wide acceptance, instant transactions, robust security, and zero fees, RedotPay offers a comprehensive solution for all your crypto payment needs. Embrace the future of payments with RedotPay and experience the convenience and security of using your crypto assets anytime, anywhere.
Currently, Redotpay does not provide support to residents of certain countries and regions, including Afghanistan, Belarus, Burma (Myanmar), Burundi, Canada, Central African Republic, Mainland China, Cuba, Darfur, Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, ISIL (Da’esh), AI – Qaida and the Taliban, Lebanon, Liberia, Libya, Mali, Nicaragua, North Korea, Russia, Rwanda, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Ukraine, United States, Venezuela, Yemen, Zimbabwe residents.
Disclaimer: Always conduct your own research before investing in or using any financial services. The information provided here is based on the features available at the time of writing and may be subject to change.
Web3 and metaverse have been two buzzwords for the year 2022, but according to the World Economic Forum, Web 3 is essentially a synonym for the metaverse. Therefore, I wish to discuss the two concepts together instead of writing two articles.
What is Web3.0? It can simply be understood from the following aspects:
Web1.0 is “read-only”;
Web2.0 is “readable + writable” (read + write);
Web3 is “read+write+own” (read+write+own).
Firstly, web1.0 is represented by websites Yahoo and Sina, which solely provide information to users . During this era, most users can only read information on the web while very few website developers could create content, I was one of them. I created my first website in 1995 titled ‘Visual Basic Tutorial” which still ranks top in Google search for the keyword ‘Visual Basic’. Web2.0 is an interactive web comprising blogs, social media like Facebook, Instagram, Twitter, Whatsapp, WeChat, Tiktok and more, which users can interact and generate content. On the other hand, web3.0 not only allows users to generate content but the content data is owned by the user, not controlled by the platform.
Secondly, we can define the web revolution by the degree of decentralization. Simply put, web1.0 is semi-centralized, Web2.0 is centralized and web3 is fully decentralized.
Comparison between Web 1.0, Web 2.0 and Web 3.0
In the Web1.0 era, decentralized personal websites formed half of the Web while the other half were centralized, both sides formed a semi-decentralized ecosystem. In the Web2.0 era, information islands are formed, and large companies such as FAANG monopolize the web and control users’ data and while numerous individual and SME websites formed a small portion of the web. On the other hand, web3.0 will be purely decentralized where data is owned and controlled by users. Web 3 is a concept for the next generation of the internet. It is the evolution of how users are able to control and own their creations and online content, digital assets and online identities. In Web 3, however, users can create content while owning, controlling and monetizing them through the implementation of blockchain and cryptocurrencies.
Data privacy is another issue of the current Web 2.0 internet. While the centralized entities have full control over the access to the service, they have full control over the users’ data. Users register to access a service and give up their precious private data and content in exchange for the convenience of the service, by agreeing to the terms of services. However, in Web3, not a single entity has control over the access to the service as it’s open to everyone. No registration is needed, users then have complete control over their private data, but at the same time, users have to take the responsibility to protect their own data and assets as they will become the only custodians.
The third aspect:
Web1.0 and Web2.0 are information Internet while Web3 is the Internet of Value. Web1.0 and Web2.0 are essentially transmitting information and focusing on consumption; while Web3 is transmitting value and creating wealth. Therefore, Web3 can be simply understood as the Internet powered by blockchain technology. It will solve the current Internet “central monopoly” problem, help users regain their data sovereignty, and recreate a better ecosystem in the digital world. Internet world. If you really understand the above changes, then you will understand that Web3 is revolutionary.
Key features of Web3 are:
Decentralized
Web3 data are typically stored in decentralized ledger like blockchain, so no single system has access to it all. It is dispersed across multiple platforms. This facilitates decentralized access and eliminate single point of failure .
Permissionless
The decentralized web can be accessed by users without requiring special permissions and KYC. Users will not need to disclose their personal information to access specific services. There will be no need to compromise privacy or share any other information.
Secure
Web 3 is more secure since decentralization makes it more difficult for hackers to target specific databases. Besides that, all data are encrypted based on cryptographic hash which add a security layer to the distributed database system.
Why we don’t call web3 as web3.0? Because they are fundamentally different.
Differences between web3 and web3.0
Web 3.0 aka semantic web focuses on efficiency and intelligence by reusing and linking data across websites. Web3 aka the decentralized web, however, puts a strong emphasis on security and empowerment by returning control of data and identity to users.
Semantic web uses a central place called the solid pod to store all user data, enabling users to handle third-party access to their data. Solid pods also issue a unique WebID for users that act as an identity within the ecosystem. In the blockchain-based web3, users can store their data in a cryptocurrency wallet, which they can access using their private keys.
Additionally, they both use different technologies to implement their purpose of data security. Web3 uses blockchain technology, while in web 3.0, certain data interchange technologies like RDF, SPARQL, OWL, and SKOS are used.
Data in web3 is difficult to modify or delete since it is scattered across multiple nodes; however, data in web3.0 can be changed effortlessly. Furthermore, the data stored in the solid pod is centralized, while the keys stored in crypto wallets provide access to the data of assets that reside on a blockchain
The differences are summarised in the following table:
Parameter
Web3
Web3.0
Distribution Model
Decentralized peer-to-peer
Client/Server
Protocol
Blockchain/ipfs
http/https
Relationship to World Wide Web
An Alternative to the World Wide Web
The continuation of the World Wide Web
Vision
Eliminates intermediaries and emphasis on security and empowerment by returning control of data and identity to users.
Evolving to a semantic web to make web content machine readable.
To learn more about Web3, please check out my book:
DeFi and Yield Farming have been the most popular buzzwords among the crypto community in recent months. Some DeFi tokens can skyrocket to more than 10K USD in just a few days but drop back to near zero also in a matter of days! Besides that, people in the crypto community are talking about yield farming instead of mining nowadays, most of you might scratch your head and wonder what the heck is that? Skeptics might challenge that DeFi is merely hype, but the total value of digital assets locked in the DeFi platforms has reached an astounding $10 billion(as seen in the figure below), thus it has created huge DeFi economics(Should I call it DeFiconomics?).
Source: https://defipulse.com/
To help you understand DeFi and Yield Farming, I shall try my best to explain these two concepts in a nutshell.
What is DeFi?
The word DeFi stands for decentralized finance, which means operating financial applications on a decentralized platform such as blockchain. It is the new financial architecture that leverages decentralized networks and decentralized technologies such as smart contracts to transform old financial products into trustless and transparent protocols that run without intermediaries. DeFi has a popular nickname ‘Money Lego’ because of the process of DeFi development like building legos where different components of a system can easily connect and interoperate.
DEFI Features
DeFi has unique features compared to CenFi (Centralised finance) and claimed to be able to provide more convenient and seamless services, particularly for the underserved people. Here are some of the features:
P2P- Transactions are performed on peer to peer basis without the need for intermediaries
No need KYC- Anyone can open an account with a DeFi platform anytime and easily without going through the tedious and painful process of KYC
No one holds your digital assets- DeFi platforms are non-custodian in nature which means they do not hold your private keys, you have full control of your own digital assets.
DeFi Products
Popular DeFi products include decentralized exchanges, loan and savings markets, tokenized physical assets such as gold, derivatives, forecasting/betting markets, payment networks, insurance and more.
Loan and Savings Markets
DeFi loan and savings markets allow you to lend, borrow, or deposit money in a platform. Among the popular loan and savings platforms are Compound, Aave, MakerDAO, Dharma, dYdX, and more.
Compound
Compound is a protocol on the Ethereum blockchain that creates a money market, which is a group of assets with algorithmically earned interest rates, based on supply and demand for those assets. The asset provider (and borrower) interacts directly with the protocol, earning (and paying) floating interest rates, without having to negotiate conditions such as maturity, interest rates, or collateral with peers or business partners.
MakerDAO
MakerDAO is a smart contract that allows users to open Protected Debt Positions, or CDP (Collateralized Debt Positions). Users deposit ETH as collateral and can mint or borrow tokens called DAI. DAI is a stablecoin linked to the US dollar.
Borrowers pay an annual interest rate called the stability fee to mint a new DAI. After the debt is repaid, the DAI is burned along with the stability fee owed in the MKR Maker token. Stability charges prevent users from overspending the amount of DAI supply in excess.
Aave
Aave is a decentralized non-custodial money market protocol in which users can participate as depositors(lenders) or borrowers. Depositors provide liquidity to the market to earn passive income, while borrowers can borrow in an overcollateralized or undercollateralized manner.
Dharma
Dharma is an open-source lending and savings account built on Compound which is characterized by its ease of use and simplicity. Dharma features a Smart Wallet is a non-custodial that automatically lends out any DAI or USDC it receives on Compound and generates a variable interest rate. Dharma requires users to have a fully verified Coinbase Account in order to create a new account.
dYdX
dYdX is a non-custodial trading platform on Ethereum that caters to more experienced traders. The dYdX platform allows users to lend, borrow, or margin trade any supported asset like ETH, Dai, USDC, and more. Interest rates vary by asset and adjust with supply and demand. Interest continuously accrues and is paid to lenders, minus 5% which is set aside for dYdX’s insurance fund.
All borrowed funds must initially be collateralized with 125% of their value. Liquidation occurs if that ratio falls below 115% and comes with a 5% penalty. Traders can take leveraged long positions of up to 5x their collateral’s value and 4x for shorts. Loans and margin trades can remain open for a max of 28 days, after which they are automatically closed out with a 1% expiration fee.
Decentralized Exchange
Decentralized exchanges or DEX are like stock exchanges but run by smart contracts on the Ethereum blockchain. While both allow you to trade assets, decentralized exchanges only trade cryptocurrencies and do not require centralized authorities to operate. Some of the popular exchanges are Uniswap, SushiSwap, Bancor, Kyber, Balancer, and more.
Uniswap
Uniswap is a decentralized ERC-20 token exchange that supports Ethereum and ERC20 tokens. The advantage of Uniswap is that you can exchange ETH with other ERC-20 tokens in a decentralized way. No companies involved, no KYC, and no intermediaries.
The Uniswap platform is unique in that it does not use an order book to derive the price of an asset or to match buyers and sellers of tokens. Instead, Uniswap uses the Liquidity Pool which comprises a group of tokens managed by smart contracts. The liquidity pool ensures enough tokens for users to exchange with each other using Ethereum as a channel.
Bancor
Bancor is a protocol on Ethereum for non-custodial token exchange using pooled liquidity. Bancor does not use order books, Instead, it uses an algorithmic market-making mechanism through the use of Smart Tokens. This will ensure liquidity and accurate prices by maintaining a fixed ratio among connected tokens and adjusting their own supply.
The Bancor platform has expanded beyond Ethereum to offer an exchange with EOS and POA Network. It also features a native token known as BNT( Bancor Network Token), which serves as a Smart Token hub that connects all other tokens in the Bancor Network, enabling instant trades among any asset supported by Bancor.
Kyber
Kyber Network is an on-chain liquidity protocol that allows the token holders to contribute liquidity known as reserves. The Kyber Network offers multiple types of reserves that exist in smart contracts. Besides that, Kyber does not use order books; when a user initiates a trade, Kyber returns the best price across all reserves.
The Kyber Network can be integrated into dApps to enhance user experience. In addition, Vendors and wallets can also use the Kyber Network to allow users to transact using their token of choice in a single transaction. Moreover, Kyber has a native token called KNC which is used to align ecosystem incentives. Holders can stake KNC to participate in governance and earn rewards, reserve managers pay fees and receive rebates in KNC, and DApp integrators receive a portion of fees.
Balancer
Balancer is an automated market-maker built on Ethereum. It allows anyone to create or add liquidity to customizable pools and earn trading fees. Instead of the traditional AMM model, Balancer’s formula allows any number of tokens in any weights or trading fees.
In fact, Balancer is like an inverse of ETF: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who continuously rebalance your portfolio by following arbitrage opportunities. Balancer protocol is designed to be composable and has three types of pools:
1) Private Pools where only the owner can contribute liquidity and has full permissions over the pool, being able to update any of its parameters.
2) Shared Pools where the pool’s tokens, weights, and fees are permanently set and the pool creator has no special privileges. Anyone may add liquidity to shared pools and ownership of the pool’s liquidity is tracked with a specific token called BPT – Balancer Pool Token.
3) Smart Pools which are a variation of a private pool where the controller is a smart contract, allowing for any arbitrary logic/restrictions on how pool parameters can be changed. Smart pools may also accept liquidity from anyone and issue BPTs to track ownership.
Yield Farming
Yield farming is an activity that uses crypto assets to generate as much return as possible on those assets. A yield farmer may continually chase which pool offers the best APY (Annual Percentage Yield). This may mean moving to risky pools from time to time, but yield farmers can deal with the risks.
In some sense, yield farming is similar to staking but is a lot more complex. In many cases, it works with users called liquidity providers (LP) that add funds to liquidity pools. For example, a yielding farmer puts 100,000 USDT into the Compound. In return, he or she will get a token for the stock, called cUSDT.
Let’s say he or she get 100,000 cUSDT back. He or she can then put the cUSDT into a liquidity pool that uses cUSDT in Balancer, an AMM (auto market maker) that allows users to set up a crypto index fund that is rebalancing. At normal times, this can earn a small amount of transaction fees. This is the basic idea of yield farming. Users are looking for sophisticated cases in the system to produce as many results as possible in as many products as possible.
Liquidity Pool
What is a liquidity pool? It’s basically a smart contract that contains funds. In return for providing liquidity to the pool, LPs get a reward. That reward may come from fees generated by the underlying DeFi platform, or some other source.
Some popular Yield Farming platforms are SushiSwap, Yearn Finance, and YAM Finance.
SushiSwap
SushiSwap is an automated market making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain. Unlike other protocols, SushiSwap is a community-run project that is governed by the vote of the community. There are a few core products for SushiSwap’s ecosystem:
Each of these serve a different purpose within the ecosystem. Users Earn SUSHI tokens by staking SushiSwap V2 SLP Tokens.
Yearn Finance
yearn.finance is a decentralized ecosystem of aggregators that utilize lending platforms such as Aave, Compound, Dydx, and Fulcrum to optimize your token lending. When you deposit your tokens into yearn.finance, they are converted to yTokens. yTokens are periodically rebalanced to choose the most profitable lending services.
Among the aggregators, Curve.fi is the most prominent integrator of yTokens. Curve.fi creates an AMM between yDAI, yUSDC, yUSDT, yTUSD that not only earns the lending fees but also the trading fees on Curve.fi. On the other hand, YFI, yearn.finance’s governance token, is distributed only to users who provide liquidity with certain yTokens. With no pre-mine, pre-sale, or allocation to the team, YFI is claimed to be the most decentralized token in the DeFi space.
YAM Finance
YAM Protocol is a decentralized cryptocurrency that uses a rebasing mechanism to raise funds for a treasury managed by the community. The community can then use those funds via YAM governance to build the protocol.
In addition, YAM is the governance token for the YAM protocol. Using token voting, YAM holders have direct influence over the YAM treasury and direction of the protocol. Governance discussions take place on the Yam Governance Forum.
Currently, you’re able to earn YAM rewards by providing liquidity to the yUSD/YAM Uniswap pool. The rewards given to the pool are 92,500 in week 1, decreasing by 10% every week after. Please realize that you must apply the YAM scaling factor to get the current reward amount at any given time.
Conclusion
In short, DeFi is the most exciting blockchain-based financial ecosystem right now, but it is also extremely risky and confusing. This article is just an introduction to DeFi and I hope you could understand the basic concepts. To help everyone understand the DeFi applications better and even use them to accumulate wealth in digital assets, I will attempt to write a series of article of DeFi that shall zoom into some famous DeFi platforms like Compound, UniSwap, SushiSwap, yearn finance, Balancer and more, stay tune!
