DeFi! Decentralized finance Explained.
What is decentralized finance? DeFi? DeFi is an abbreviation for decentralized finance (pronounced dee-fye). It’s an umbrella term for the crypto universe’s efforts to create a new, internet-native financial system by replacing traditional intermediaries and trust mechanisms with blockchains. DeFi is inspired by blockchain, the technology behind the digital currency bitcoin, which allows multiple entities…