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Acronyms Dictionary

DeFi

Definition

Decentralized Finance. Financial services built on top of distributed networks with no central intermediaries.

Deep Dive

DeFi is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.

Examples & Use Cases

  • 1Earning interest on crypto assets by providing liquidity to a decentralized pool
  • 2Taking out a collateralized loan instantly without a credit check
  • 3Trading assets on a decentralized exchange (DEX) directly from a private wallet

Related Terms

DAOBlockchainLiquidity

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