What is DEFI? Decentralized Finance Explained (Ethereum, MakerDAO, Compound, Uniswap, Kyber)

To attain that defi relies greatly on cryptography, blockchain and clever agreements. If you dont know what clever agreements are or you want to refresh your knowledge you can pause this video and watch my introduction to smart contracts video. The primary reason for this is the Ethereums fairly robust programs language called Solidity that allows for writing sophisticated clever agreements that can contain all the necessary logic for the defi applications, besides that Ethereum has the most developed environment throughout all the wise agreement platforms with thousands of designers developing new applications every day and the most value locked in smart agreements which create an additional network impact.