Defi is short for decentralized finance, an umbrella term for ethereum and blockchain applications geared toward disrupting financial intermediaries.
in a move that could help expand the defi market well beyond its current user base, smartphone users are now getting a new way to explore the growing world of ethereum-based decentralized applications.
What is defi? Defi is a term given to financial services that have no central authority or someone in charge. Using decentralized money, like certain cryptocurrencies, that can also be programmed for automated activities, we can build exchanges, lending services, insurance companies and other organizations that dont have any owner and arent controlled by anyone.
What is DeFi? A Begginer's Guide (2021 Updated)
decentralized finance, or defi, sits at the white-hot center of the recent crypto bull run. Defi is cryptos big thing at the moment, a little like how initial coin offerings (icos) were all the rage back in 2017. Back in june 2020, just 1 billion was locked up in defi protocols, according to metrics site defi pulse. By january 2020, defi degens had poured over 20 billion worth of.
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