DeFi Foundations

Decentralised finance, commonly known as DeFi, uses blockchain networks and smart contracts to recreate financial activities without relying on a traditional central intermediary. But removing the intermediary does not remove risk, responsibility or complexity.
DeFi Foundations explains how decentralised exchanges, lending markets, liquidity pools, collateral systems, governance mechanisms and blockchain oracles work together. Readers learn how transactions move through smart contracts, how protocols generate fees and incentives, and where technical, economic, governance and operational risks can arise.
Written in clear, practical language, this volume provides a structured foundation for understanding DeFi before using it. It does not promote individual tokens or promise financial returns. Its purpose is to help readers recognise dependencies, evaluate risk and interact with decentralised financial systems more safely and confidently.