#please explain how tyre deg works with different sets of tyres like between hard, soft and mediums
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tire degradation varies based on the compound used, with softer tires offer more grip but degrade faster, while harder compounds last longer but with less grip. The choice of tire compound depends on factors such as track conditions, race strategy, and driver preferences.
more grip means more speed?
Well yes, to be a bit more precise, more grip from the tyres allows for better acceleration, braking and cornering
And be being able to speed up faster, brake later, and go faster through corners, you get more speed
To not overcomplicate the explanation. The compound of rubber refers to the type of rubber used. The softer, the stickier and grippier at the cost of durability.
For an in depth explanation I recommend this article https://formula1-dictionary.net/using_tires.html