Yet again. So much terminology to uncover within the cryptocurrency/ decentralized finance space. This article is another great example.
Decentralized Finance (DeFi) is a new open financial market where anyone can participate in providing financial services that do not discriminate against anyone. In DeFi, anyone can be a liquidity provider and earn fees as a reward.
In this article you can get a beginner's education to what APR, APY as well as yield farming is.
Safe to say, this may be the future of finance. And yet coming at it from my very beginner's perspective, it is disturbing to realize how little I actually know about "finance" given my college education.
This makes me totally understand the "financial literacy" advocates to say the least.