What does DeFi Derivatives even mean?! Opyn Founder Zubin Koticha and Uma Project Founder Hart Lambur, breaks down this complicated concept and explains how to leverage decentralized finance in this time of a financial crisis.
Decentralized finance: “A system where financial transactions happens on a blockchain through a through a smart contract level.” - Koticha
Derivative: “A legal contract enforced through court systems”
DeFi Derivatives: “Defi turns legal contracts into smart contracts enforced on a blockchain with economic incentives.” - Lambur.
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source https://www.youtube.com/watch?v=jyS62PZw0xs
