decentralized finance
Decentralized finance, also known as DeFi, refers to a financial system that operates on the blockchain technology without the need for traditional intermediaries like banks or financial institutions. It leverages smart contracts to facilitate and streamline various financial transactions, including lending, trading, borrowing, and investing, while ensuring transparency, security, and accessibility for all participants.
Requires login.
Related Concepts (2)
Similar Concepts
- decentralization
- decentralized applications
- decentralized computing
- decentralized consensus
- decentralized currencies
- decentralized decision-making
- decentralized delegation
- decentralized finance (defi)
- decentralized governance
- decentralized networks
- decentralized organizations
- decentralized power
- decentralized systems
- decentralized technologies
- decentralized technology solutions