DeFi (or \u201cdecentralized finance\u201d) is \u201can umbrella term for financial services on public blockchains.<\/p>\n
With DeFi, one can do most of the things that banks support \u2014 earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more \u2014 but it is faster and does not require paperwork or a third party.<\/p>\n
As with cryptocurrency generally, DeFi is global, peer-to-peer (meaning directly between two people, and not routed through a centralised system), pseudonymous, and open to all.<\/p>\n","protected":false},"excerpt":{"rendered":"
DeFi (or \u201cdecentralized finance\u201d) is \u201can umbrella term for financial services on public blockchains. With DeFi, one can do most of the things that banks support \u2014 earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more \u2014 but it is faster and does not require paperwork or a third party. As with… Continue reading What is Decentralized Finance (DeFi)?<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-169201","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/169201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=169201"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/169201\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=169201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}