# DeFi Handbook — Introduction to Decentralized Finance

![](/files/CspR7hRd0i6sXNu3sXwf)

We want to start this article with a screenshot from CZ — the “You-Know-Who”

> It’s always a build market

The crypto markets are in a bear market. There’s no way to sugarcoat the fact that we are having a difficult time. However, this is also a chance for us to focus on building, learning, and preparing for the next cycle.

As a DeFi protocol, we want our users to know more knowledge about the crypto world, especially about DeFi; hence, with the support from Istari Vision, we already created a takeaway handbook in PDF version with the target to provide you an overview about the DeFi world.

The handbook content is divided into 3 main parts:

1. **Understanding DeFi**

* Centralized vs. Decentralized Finance
* Smart Contracts
* Validation of transactions
* Stablecoins
* Decentralized Autonomous Organization (DAO)
* History of DeFi

2\. **Diving into DeFi**

* What can you do with DeFi?
* What are AMMs?
* What is Liquidity Pool?
* What is Yield Farming?
* What is Impermanent Loss?

3\. **DeFi applications**

* Decentralized Exchanges (DEX)
* Derivatives
* Trading → Swapping
* Governance
* Lending & Borrowing

Besides, we are planning to make an articles series called AshSwap DeFi 101 where we have more deep-dive content about the terms & everything related to DeFi & Elrond blockchain, so do not hesitate to subscribe to our Medium page for receiving notifications about our new posts.

👉 Download the handbook here: <https://docsend.com/view/2c54amkdet6i6gqh>


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