🟢De-Fi, what it is and how it can change the world.
➡️Decentralized finance (De-Fi) is an ecosystem of financial applications developed on various blockchains.
➡️The goal of De-Fi is the same, to move the financial system to blockchain, making it open to the world.
What is the peculiarity of such projects?
The elimination of intermediaries, where the work of the banker is a code, as well as the law setting the rules.
The blockchain serves as a guarantor, on the basis of which the project is built.
Moreover, all relationships are built and regulated with the help of smart contracts.
➡️ As Brandon Forster, CEO and Co-founder of one of Dharma's De-Fi projects, puts it:
"The activities of any of the intermediaries are essentially code waiting to be written."
Such projects, and the crypto-economy in general, are on their way to reforming the entire financial services industry.