What is DeFi?

[H2O]

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos...

[Rakin343]

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos...

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DeFi is the abbreviation of decentralised finance. Nowadays all projects are launching on DeFi .

[Hometown]

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos...

Decentralised Finance ( Normally known as DeFi) is the combine of Ethereum and blockchain technology. All projects now launching on DeFi protocol.

[hair]

Decentralized Finance (DeFi) is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries source: https://defiprime.com

One area in cryptocurrencies attracting huge attention is DeFi or decentralised finance source : https://theconversation.com/what-is-defi-and-why-is-it-the-hottest-ticket-in-cryptocurrencies-144883

There are so many meanings of Defi, which in essence DeFi is decentralized finance without the need for a 3rd party. Your DeFi your bank 

[sky20]

It means Decentralized Finance. DeFi is a cryptocurrency industry movement that aims to recreate traditional banking services without centralized technologies. Bitcoin itself is a quintessential example of DeFi; most other cryptocurrencies have relied on central issuers or organizers. Defi The combination of Ethereum and Blockchain technology. 

[Istiak]

Some say DeFi is like a bank. You DeFi your bank. Peoples are storing their money into DeFi by investing heavily in the project and we have seen already YFI project cross the BTC ATH price and make a new record. It is just a method of creating a bank inside crypto space but without any central authority.

[Andruha1993]

Yes Defi is what you said. They burst in very quickly and are now rapidly gaining popularity. I think this is a new hype that replaced IСO.

[Altcoin1998$]

Decentralized finance normally short abriviation called DeFi. DeFi a fourth letter world but I can't understand the meaning of DeFi besides it abriviation. Nowadays all projects are available in DeFi platform.

[gourav787]

Defi is combination of blockchain as well Etherium network .  Decentralised finance generally called DeFi , I see that their is alot of new projects are attracting toward defi .

[Tnoy30]

DeFI is Decentralized Finance (DeFi). There is a lot of criticism in the market. The reason for the criticism is that the market is controlling. Blockchain platforms are not currently coming. But Defi platforms are coming a lot now. So the defi project is getting more success. So the discussion is at the forefront. So much is being said about it.