Week 1 summary

By completing this week, you should now be better able to:

• define key DeFi terms
• describe cryptocurrency and its blockchain foundation
• explain the role of smart contracts in DeFi
• differentiate DeFi from traditional, centralised finance (CeFi)

In week 2, we will put the knowledge acquired this week to work by doing some hands-on DeFi.

Before you move on to week 2, let’s check your understanding with a brief quiz on the content we covered this week. Use this quiz to gauge your understanding of the content and identify areas where you would benefit from further review. You can take the quiz as many times as you wish.