A Guide to Decentralised Finance


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(as of Oct 16,2021 12:36:16 UTC – Details)


Decentralized finance continues to make waves in the crypto space with an astonishing $87.2 billion (at the time in writing) in total value locked into the underlying smart contracts on the Ethereum blockchain.

Decentralized finance, or DeFi for short, is a term used to describe various decentralized services that aim to replace our current centralized financial system. With DeFi, you can move cryptocurrency tokens around, trade, lend or borrow them as part of a more efficient, and in many cases, more profitable, financial ecosystem.

DeFi is open to anyone, meaning it is technically accessible to hundreds of millions of currently underinvested individuals.

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