December 2026
Intermediate to advanced
300 pages
6h 47m
English
Content preview from Mastering Blockchain, 2nd Edition
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Chapter 7. DeFi and Marketplace Mechanics
The introduction of blockchains, cryptocurrencies, and smart contracts, along with subsidiary concepts outlined in this chapter, has enabled onchain builders to create entirely new markets that simply could not exist before. New and fascinating incentive structures, as well as innovative liquidity mechanics, are enticing users and investors alike to the onchain world.
It’s never been easier to create a brand new marketplace for any asset - and even for predicting future events. It all starts with yield, which gives crypto holders something to do with their onchain assets, and is a key linchpin to how DeFi and marketplace mechanics can work.
Yield
To put it plainly, yield is the return a user can earn by actively deploying crypto in DeFi protocols on blockchains like Ethereum, Solana, and others. Often compared to savings accounts in traditional finance, DeFi yield is generated onchain through smart contracts. This yield is denominated in Annual Percentage Yields, ...
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