What is DeFi?

By Sowford | Sowford | 22 Nov 2020

Since some of you still don't know what is Defi, here is a quick explanation about it.

What is DeFi?

DeFi is the short for Decentralized finance. In a few words, it's a alternative financial system based on blockchains and cryptosystems, and developed in parallel with the existing financial system. It's emerging since 2018. It's famous for 0x, MakerDAO, Dharma, Compound....
It's a system open to everyone. It's mostly use with Etherum.

What are the benefits of DeFi?

DeFi has a lot of benefits:

- No censorship

- Cheap

- Modular

- It's inclusive by nature.

A lot of information can be found on the internet whether DeFi is really the future or not.

It was a short article but I think it was a necessary one as a lot of people who don't know much about cryptocurrencies don't know what DeFi.
Sorry for the english mistakes, english is not my mother language.

Resources

https://www.blockchainpartner.fr/2019/06/05/etude-decentralized-finance-open-finance/

DeFi Ethereum DeFi DeFi Money Market

How do you rate this article?

Sowford

I like to write about many things in different languages.

Sowford

Je m'appelle Sowford, et j'aime bien écrire des articles au quotidien. I write in english and in french, sometimes maybe in dutch as I am trilingual, but my mother languages are dutch and french. J'essaye d'écrire à propos de ce que j'aime c'est à dire, le gaming et l'actualité. Et parfois j'essaye de relier ces sujets à la bourse, la cryptomonnaie.

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