Decentralized Finance (DeFi)
DeFi is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. It eliminates third parties and centralized institutions from financial transactions. As a startup, if you are curious to explore the future of finance? Then this blog post on “Decentralized Finance” is here to take you on a journey like no other, https://bit.ly/46VlW6c
Decentralized Finance, or DeFi, is essentially finance without the middlemen. It’s built on blockchain tech, letting folks lend, borrow, and bank without banks! DeFi is all about open-access finance, so anyone with internet can hop on. It’s still young, though, so it has its risks and quirks. If you’re curious about where DeFi is heading, particularly with the innovations of DeFi 2.0, there’s a neat breakdown here: https://cyberbee.dev/blog/what-is-defi-2-0/ Worth a read to catch up on the improvements over the first wave of DeFi platforms!