updated 9mo ago
An open-air financial laboratory
- Decentralized finance, or DeFi, is the ecosystem of financial applications being built with blockchain technology and without banks. Characteristics: Non-Custodial, o pen, t ransparent, d ecentralized
from ✊The Defiant's Definitive Guide to DeFi by The Defiant
Emilie Kormienko added
- DeFi refers to “decentralized finance,” an effort to transform the financial-services industry by making transactions faster, cheaper, and more secure.
from Web3 Starter Pack by Jay Drain Jr
Emilie Kormienko added
- Decentralized Finance (DeFi) enables applications like prediction, trading, and financial markets to run on smart contracts, with no middle men (e.g. lawyers and bankers)
from The Tim Ferriss Show Transcripts: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant) (#504) – The Blog of Author Tim Ferriss by Vitalik Buterin
sari added