DeutschWhat Does DeFi Mean?
The abbreviation DeFi stands for Decentralized Finance. Such decentralized ecosystems offer financial services based on the blockchain, completely without banks or other central control points. Instead of an institution, smart contracts—programs that run directly on the blockchain—control the processes.
Through today’s numerous DeFi protocols, users can, for example, lend or borrow, swap coins, or earn interest, each in the form of coins and tokens. The most important blockchain for DeFi protocols is Ethereum.
