DeFi


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DeFi

What is DeFi?

DeFi (or “decentralized finance”) refers to financial services provided on public blockchains, especially Ethereum.

Understanding DeFi

You can earn interest, borrow, lend, purchase insurance, trade derivatives, exchange assets, and more with DeFi, but it’s faster and doesn’t involve paperwork or a third party. DeFi, like crypto in general, is worldwide, peer-to-peer (meaning it is sent directly between two people rather than being routed through a centralized system), pseudonymous, and open to everybody.

DeFi extends on the basic notion of Bitcoindigital money — to create a full digital alternative to Wall Street without all of the related fees (think office towers, trading floors, banker salaries). This has the potential to build more open, free, and fair financial markets that anybody with an internet connection may access.

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Damir Yalalov

Damir is the Editor/SEO/Product Lead at mpost.io. He is most interested in SecureTech, Blockchain, and FinTech startups. Damir earned a bachelor's degree in physics.

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