DeutschWhat Does DeFi Mean?
The abbreviation DeFi stands for Decentralized Finance, i.e. the area of decentralized finance. Such decentralized ecosystems offer financial services based on the blockchain. The networks do not require regulations and controls by banks and other centrally operating authorities.
There are already thousands of DeFi protocols today. With these, users can, for example, grant or take out loans – in the form of coins and tokens. DeFi protocols run on the basis of smart contracts. The most important blockchain for DeFi protocols is Ethereum.
