What is #DeFi?
DeFi stands for #Decentralized #Finance, i.e., decentralized financial markets. In contrast to traditional financial systems, DeFi projects are based on #blockchains on which transactions are automatically processed via #smartcontracts. This allows financial services to function in a decentralized manner (without a #middleman) and to be made available to everyone worldwide.
https://medium.com/veniceswap/what-is-defi-1a63695fa8f4
