What is DeFi?

Lesson 6


Decentralized finance is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead uses smart contracts on blockchains, the most common being Ethereum. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex financial use cases. These are some of the most popular use cases for Defi Asset Management. Complying to AML and CFT Measurements through KYT Mechanism. Decentralized Autonomous Organizations or DAO’s Tokenization Derivatives and Synthetic Assets. Improved Digital Identity. Insurance.