Decentralized finance is an open, global financial system built for the Internet age — an alternative to an opaque, tightly controlled system, unified by decades-old infrastructure and processes. It gives you full control and visibility over your money. It also gives you the opportunity to deal with global markets and alternatives to your local currency or banking options. DeFi products make financial services available to anyone with an internet connection and are primarily owned and maintained by their users. So far, tens of billions of dollars worth of digital currencies have flowed through applications
That grows every day.
What is decentralized finance?
Decentralized finance is an umbrella term for financial products and services that can be accessed by anyone who can use Ethereum – anyone with an internet connection. With DeFi, markets are always open and there are no central authorities that can block payments or prevent you from accessing anything. Services that were previously slow and at risk of human error are automated and more secure now that they are handled by code that anyone can examine and verify.