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Author Topic: What is Defi? Detailed discussion about defi.  (Read 15230 times)

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Re: What is Defi? Detailed discussion about defi.
« Reply #30 on: October 21, 2020, 12:54:18 PM »
DeFi is decentralized finance. DeFi may be defined as the movement that promotes the use of decentralized networks and open source software to create multiple types of financial services and products. The idea is to develop and operate financial DApps on top of a transparent and trustless framework, such as permissionless blockchains and other peer-to-peer (P2P) protocols.
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Re: What is Defi? Detailed discussion about defi.
« Reply #30 on: October 21, 2020, 12:54:18 PM »

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Re: What is Defi? Detailed discussion about defi.
« Reply #31 on: May 15, 2023, 02:49:19 PM »
DEFI

   Defi is known as a Decentralized Finance. In blockchain technology, a set of financial applications and services are built, foremost on public blockchains like Ethereum.

   Defi mainly aims to recreate and enhance the traditional services and systems in a decentralized approach, removing mediators, transparent, and inclusive financial interactions.

    In recent years, defi has gained expressive attention, attracting both institutions and individuals who seeking decentralized financial solutions. It rejects the need for middlemen and centralized control, and it has the ability to reform traditional finance by increasing finance and providing open access, and different financial services.

Some of the key features of defi are mentioned below;

* Permissionless and open.
* Smart Contracts.
* Lending and borrowing.
* Decentralized Exchanges.
* Stablecoins.
* Liquidity Mining and Yield Farming.
* Decentralized Derivatives and Options.
* Governance and Decentralized Autonomous Organizations.
* Interoperability and composability.

 

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