Junior Member  Posts: 30 Joined: Class: unclassed Points: 150 Reputation: 0 | | What is decentralized finance. (3rd Dec 21 at 7:08am UTC) | | | Decentralized finance (DeFi) is a financial relationship carried out by means of money that is formed within various enterprises, companies, households or individuals. DeFi refers to an ecosystem of financial applications that are built on top of blockchain networks. The term “decentralized finance” can refer to a movement that aims to create an open, free and transparent financial services ecosystem that is accessible to everyone and operates without interference from any government. Users will maintain complete control over their assets and interact with this ecosystem through peer-to-peer networks (P2P) and decentralized applications (dapps). | |
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