What is Defi?

What is Defi?

DeFi is short for “Decentralized Finance,” a word used to refer to financial applications on the blockchain. DeFi applications allow you to save, lend, trade, and invest in a better way than the traditional financial system.

DeFi applications are creating alternatives to traditional financial services including savings product with better returns, peer-to-peer lending and decentralized exchanges. DeFi applications are Transparent, Non-custodial and Open.