Too Long; Didn't Read
DeFi, short for "decentralized finance," has been entering the lexicon of the tech world for the last few years. The term DeFi is pronounced exactly the same as "defy," since that is exactly what the industry is doing to the world of traditional finance. Assets committed to DeFi broke $1 billion in February 2020, $2 billion by July 1, and $3 billion only 20 days later. DeFi solutions do not need intermediaries or arbitrators, and its users maintain control over their assets.
Share Your Thoughts