In the world of decentralized finance (DeFi) and centralized finance (CeFi), the role of tokens is crucial, albeit with distinct differences. These digital assets play various roles within different platforms, serving as a means of staking, governance, tradable options contracts, or collateral for underlying assets. Each token has its own unique purpose and function, contributing to the diverse models and mechanisms employed by different projects. In this episode, we will explore the creation process of tokens, examine the value they accrue, and delve into how these tokens are utilized within DeFi and CeFi systems. By understanding these aspects, we can gain insights into the fascinating world of token economics and its impact on decentralized and centralized financial ecosystems.
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EP 37: Introduction to DeFi Option Protocols