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Today, I had the opportunity to present #DeFi and @compoundfinance to the @federalreserve staff.
Eventually the banking system will run on shared, open ledgers.
Each day, we get closer. https://t.co/1UuXWQPEV0
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
What is DeFi?
> Borrow money without a bank (Maker)
> Trade stocks without a broker (Uniswap)
> Launch ETFs without a sponsor (Enzyme)
> Raise money without a VC (token sale)
> Print money without a central bank (Olympus)
James Wangx.comDecentralized 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
DeFi is an open-source and decentralized financial ecosystem built on top of the Ethereum blockchain. It appeared as an alternative to traditional centralized finance which historically (i) lack transparency (ii) is centralized, notably in terms of decision power (iii) has low interoperability (iv) ..
Clement Parramon • An open-air financial laboratory
DeFi refers to “decentralized finance,” an effort to transform the financial-services industry by making transactions faster, cheaper, and more secure.