DeFi

DeFi is short for decentralized finance, an umbrella term for peer-to-peer financial services on public blockchains.

Decentralized finance (DeFi), is an emerging financial technology offering financial instruments without relying on intermediaries such as brokerages, exchanges, or banks. DeFi uses smart contracts on blockchain distributed ledgers.

DeFi provides many of the same features as traditional banks - like earning interest on your money and borrowing from others - but without middlemen who take a fee or charge interest,