DeFi (Decentralized Finance)
Decentralized Finance (DeFi) is a decentralized publicly available ecosystem that requires no trust and consists of financial Apps/services based on public blockchains, mainly Ethereum.
The DeFi ecosystem comprises all aspects of financial services and operations including loans and trading in terms of decentralized structures. Any Internet user can interact with the ecosystem and manage assets.
The main 'goal of DeFi is to create an open free transparent ecosystem of financial services that is accessible to everyone and operates without any interference from authorities. Users will remain full control over their assets and interact with this ecosystem via peer-to-peer (P2P) decentralized Apps ( DApps ).
Advantages of DeFi
Easy access to financial services.
Compatibility of Apps based on public blockchains that may lead to the emergence of completely new financial markets, products and services.