[DeFi Campus's first writing contest](https://peakd.com/hive-116367/@culgin/defi-campus-writing-contest-1-what-is-defi-and-how-is-it-different-from-traditional-finance) has officially ended. 

<center>![DeFi Campus Writing Contest](https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/culgin/un2zWuNm-image.png)</center>

First of all, thanks to all those who have participated or re-hive to help spread the word. A total of 8 entries were received as listed below,

|Author|Entry|
|-|-|
|@shortsegments|[What is DeFi and how is it different from traditional finance?](https://peakd.com/hive-116367/@shortsegments/what-is-defi-and-how-is-it-different-from-traditional-finance)|
|@hash-tag|[What is DeFi and How Is It Different from Traditional Finance? Is It Another Scam That I Should Know About?](https://peakd.com/hive-175254/@hash-tag/what-is-defi-and-how-is-it-different-from-traditional-finance-is-it-another-scam-that-i-should-know-about)|
|@josevas217|[What is decentralised finance (DeFi) and how is it different from traditional finance?](https://peakd.com/hive-175254/@josevas217/what-is-decentralised-finance-defi-and-how-is-it-different-from-traditional-finance)|
|@beckie96830|[What is DeFi and how is it different from traditional finance?](https://peakd.com/hive-175254/@beckie96830/what-is-defi-and-how-is-it-different-from-traditional-finance)|
|@machnbirdsparo|[What are We Really Talking about in DeFi ?](https://peakd.com/hive-175254/@machnbirdsparo/what-are-we-really-talking-about-in-defi)|
|@thetimetravelerz|[What is defi and how is it different from traditional finance?](https://peakd.com/hive-116367/@thetimetravelerz/what-is-defi-and-how-is-it-different-from-traditional-finance)|
|@dlioness|[DeFi -Camp contest-What is DeFi and how is it different from traditional finance](https://peakd.com/hive-175254/@dlioness/defi-camp-contest-what-is-defi-and-how-is-it-different-from-traditional-finance)|
|@fun2learn|[What is Defi?](https://peakd.com/hive-126009/@fun2learn/what-is-defi)|

DeFi is a rather new concept and hence, it is not an easy topic to write about. Hence, I found it quite encouraging to see 8 entries. 

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### Winners

It is not an easy task to judge and rank the top 3 entries because every post has its own merits. In the end, @vlemon and I decided that the winners are,

|Author|Entry|Prize|
|-|-|-|
|@shortsegments|[What is DeFi and how is it different from traditional finance?](https://peakd.com/hive-116367/@shortsegments/what-is-defi-and-how-is-it-different-from-traditional-finance)|15 HIVE|
|@hash-tag|[What is DeFi and How Is It Different from Traditional Finance? Is It Another Scam That I Should Know About?](https://peakd.com/hive-175254/@hash-tag/what-is-defi-and-how-is-it-different-from-traditional-finance-is-it-another-scam-that-i-should-know-about)|10 HIVE|
|@josevas217|[What is decentralised finance (DeFi) and how is it different from traditional finance?](https://peakd.com/hive-175254/@josevas217/what-is-decentralised-finance-defi-and-how-is-it-different-from-traditional-finance)|5 HIVE|

In addition to prizes in liquid HIVE, the 3 entries will also receive full upvotes from [Project HOPE](https://peakd.com/c/hive-175254) and [HODL](https://peakd.com/c/hive-126009). Once again I thank the sponsors for their support and congratulations to the top 3 winners! 

**Update: Special thanks to @cardboard who tipped 21 HBD to this post. This has been distributed to the top 3 winners and the other entries. The top 3 winners get 4, 3 and 2 HBD respectively while the other entries get 1 HBD each. Remaining HBD will be transferred to @defi.campus to be used as future contests prizes.** 😁

I think all 3 entries highlighted the permissionless nature of DeFi. Where no one has to seek any permission from a central party (e.g. a bank) to participate in the available financial services. In my opinion, this is a very powerful feature because there are many people around the world who are financially censored due to various reasons. We live in a world where the governments and banks control our finances and DeFi is one small step for us to regain control.

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### Participation Rewards

As mentioned in the [contest announcement post](https://peakd.com/hive-116367/@culgin/defi-campus-writing-contest-1-what-is-defi-and-how-is-it-different-from-traditional-finance), 30 HIVE are allocated to reward the first 30 entries. If there are less than 30 entries, those who had re-hive the announcement post will get a chance to win 1 HIVE each.

Since we only have 8 entries and 10 re-hives (sponsors and organizers are excluded), each of them will receive 1 HIVE each. The following will receive 1 HIVE each for their entries,
- @shortsegments
- @hash-tag
- @josevas217
- @beckie96830
- @machnbirdsparo
- @thetimetravelerz
- @dlioness
- @fun2learn

And the following will receive 1 HIVE each for re-hive,
- @dolphin-assemble
- @steeming-hot
- @beckie96830
- @mandate
- @reinaldoverdu
- @lanzjoseg
- @josevas217
- @machnbirdsparo
- @nobean
- @thetimetravelerz

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Rewards will be sent out shortly after this post. Liquid HIVE rewards will be sent using @peakd tipping feature where possible so as to promote this awesome feature 🙂.

Some have feedback that they missed the contest announcement post and therefore were not able to enter the contest. Rest assured that this is the first contest and will certainly not be the last 😄. So stay tuned and subscribe to the [DeFi Campus](https://peakd.com/c/hive-116367) community so that you won't miss the next one.

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<center>***This article is created on the [Hive blockchain](https://hive.io/), an immutable and censorship-resistant content platform.
5% of post rewards goes to @peakd to support this amazing project and the remaining goes to @defi.campus to support the [community](https://peakd.com/c/hive-116367/created).***</center>

<center>![](https://files.peakd.com/file/peakd-hive/zord189/04jeC9SH-culgin.gif)</center>