Decentralized Finance

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Decentralized Finance Overview

What do we mean by Decentralized Finance?

Decentralized finance offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain. Amongst other things, DeFi allows users to buy and sell assets and financial services as a form of investment or financing without middlemen.

Broadly speaking, Decentralized Finance refers to the emerging blockchain-based ecosystem of permissionless and transparent financial services. It's a significant advancement brought about by blockchains, smart contracts, and oracles. DeFi allows users to access financial applications similar to those in traditional finance but without requiring the involvement of centralized intermediaries. These applications run on open-source protocols on decentralized networks, providing global permissionless access, and they can interoperate with other applications to enable more advanced financial products.

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