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
The Defiant • ✊The Defiant's Definitive Guide to DeFi
Emilie Kormienko added
DeFi seeks to build a better financial landscape made possible by the advent of the internet and blockchain technology, particularly in three key segments of the banking system: Payment & clearance system (remittance) Accessibility Centralization & Transparency
Sze Jin Teh • How to DeFi: Beginner
What is DeFi all about? Modernizing, disintermediating (banks etc.), reducing layers of fees in the middle. Transparency. This is a big misconception. People think it's opaque and used for criminal activity. Everything in blockchains is open...
Chris Dixon • The Potential of Blockchain Technology
sari added
5. De-Fi is an emerging financial technology that uses distributed ledgers to remove middlemen from financial transactions. They are a combination of smart contracts and DAOs.
Vikram Aditya • DeFi, dApps and DAOs: The Key Differences
Pawan Rochwani added
Decentralized Finance or DeFi is the movement that allows users to utilize financial services such as borrowing, lending, and trading without the need to rely on centralized entities. These financial services are provided via Decentralized Applications (Dapps), the majority of which are deployed on the Ethereum platform
Sze Jin Teh • How to DeFi: Beginner
DeFi De-Fi is the branch of Web3 that is pushing the boundaries of financial services by making them more inclusive, secure, and decentralized. The primary objective of De-Fi platforms is to remove all middlemen from financial services and transactions.
Vikram Aditya • DeFi, dApps and DAOs: The Key Differences
Pawan Rochwani added
The DeFi movement is about bridging these gaps and making finance accessible to everyone without any form of censorship. In short, DeFi opens up huge windows of opportunities and allows users to access various financial instruments without any restriction on race, religion, age, nationality, or geography.
Sze Jin Teh • How to DeFi: Beginner
DeFi represents a movement that seeks to push borderless, censorship-free, and accessible financial products for all. DeFi protocols do not discriminate and level the playing field for everyone.