Too Long; Didn't Read
DeFi is short for decentralised finance. It's a term used to describe the shift from traditional, centralised financial systems to peer-to-peer finance enabled by decentralised technologies built on the Ethereum blockchain. Decentralised exchanges, synthetic assets, flash loans and tokenised BTC are just a few of the innovative applications built on Ethereum that are transforming how we think about money and financial contracts. With DeFi, crypto assets can be put to use in ways not possible with fiat currencies or traditional financial products.