Too Long; Didn't Read
DeFi is short for Decentralized Finance and refers to a new financial instrument based on distributed ledgers, similar to the ones utilized by cryptocurrencies. DeFi aims to decentralize financial services while providing users with the ability to perform transactions without the need for intermediaries. The DeFi movement quickly gained momentum, making the Ethereum network more popular than ever. However, with the hype dust settling, the honeymoon phase is over and now there is a significant discussion around what is wrong with the sector and how to fix it.