DeFi Explained

Understand decentralized finance protocols. Learn how automated market makers (AMMs), liquidity pools, lending markets, flash loans, and yield aggregators operate without intermediaries.


Learn DeFi by what you want to do

Whether you're learning the basics or ready to go deeper, here's DeFi organized around your goals.


Explore DeFi across The Block

Live market prices, plus the latest DeFi research and news — everything happening right now.


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Crypto Market Structure Explained
60 min course
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Learn About How Digital Asset Markets Work


Browse all DeFi explainers

Every DeFi topic covered, from Beginner to Advanced.