Decentralized Finance (DeFi) is a technology that exploded in popularity in 2020, taking place almost entirely on the Ethereum network. There are many things about it that are outright fascinating: Algorithmic stablecoins, automated market makers, flash loans, flash mints! Every month there is a wild new invention that changes the landscape, often increasingly difficult to understand which is both frustrating and intimidating. I want to talk about one thin slice of this technology that I’m ...