DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.
In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos.
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What Does Defi Mean? Like Really?
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DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.
In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos.