The traditional way of approaching finance is for it to be CeFi (centralized finance). Such is the case with fiat currencies, such as the US dollar, Euro, or Chinese Yuan — they are regulated and most often controlled by a country’s central bank. However, cryptocurrency has brought a decentralized approach to money, wherein individuals have much more control over their assets. And from this, the DeFi (decentralized finance) sector rose.
DeFi provides the same services as centralized finance, such as loans, derivatives, and money storage, but, of course, comes with its own specificities in how it is used. It is part of the wider Web 3.0 movement, along with popular concepts such as P2E games and Metaverse. You can learn more about it with the help of our informative DeFi Academy articles, where we present complex ideas so that they are simple to understand.
A DeFinitive Guide to DeFi – Everything You Need to Know About Decentralized Finance
Decentralized finance (abbreviated DeFi) is a set of blockchain-based financial technologies. It is aimed at removing the economic domination of incumbent stakeholders and intermediaries over ordinary people and replacing it with financial autonomy, equality, and easier access to financial services for everyone. Do the phrases “incumbent stakeholders” and “intermediaries” sound pretentious? They might be, but […]