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Podcast: Wealth Formula Podcast
Episode: 305: What is Decentralized Finance?
Description: Distributed ledger technology is revolutionary and creates some problems for the old guard—specifically banks and the traditional financial markets. The young guns creating all of this technology are really shaking things up. But you can bet that the traditional guys who have been making millions of dollars off the old system aren't giving up easily. The old guard also has something else on their side—the financial regulatory system. You see, decentralized finance (AKA DeFi) is very appealing but it's not always terribly legal. Case in point, frequently individuals who own cryptocurrency are making swaps for other tokens on thes...