What is Decentralized Finance (DeFi)? Why is it different than fintech and how does it threaten centralised finance? Together with Amadeo Brands (CTO, CrescoFin) we discuss the basics of Decentralized Finance (DeFi) by explaining different elements and layers within this new open financial system, its advantages and risks, a dystopian glimpse into CBDC in China while DeFi can become an opportunity for the United States of America and the other western countries. In the second part we dive deeper into the more technical aspects with an overview of different protocols, NFTs under all its shapes, what's next with the rise of social tokens and much more.