Decentralized finance, also known as DeFi, is a blockchain-based finance form that does not depend on central financial intermediaries such as exchanges, banks, or brokerages to provide traditional instruments. Instead, it utilizes blockchain's smart contracts, with Ethereum being at the top of the list.
DeFi platforms allow people to borrow or lend funds from others, trade cryptocurrencies, insure against risks, and use derivatives to speculate the price movements on a set of assets. It also allows users to generate interest in savings-like accounts.
For many startups, Ethereum....More>>>