A Primer on Decentralized Finance (DeFi)


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Decentralized Finance (“DeFi”) has become ubiquitous with digital assets, but what is it? In this short piece, we’ll attempt to answer these questions by providing an overview of decentralized finance, discussing use cases, and examining several native tokens associated with well-known DeFi protocols.

Often described as “traditional finance meets decentralization”, DeFi is an umbrella term used to describe a variety of financial applications that use smart contracts to allow autonomous execution. This means that services typically provided by intermediaries—such as an exchange or clearing house—can instead be deployed as code running on an open blockchain network such as Ethereum, and are accessible by those who have an Internet connection and a digital asset wallet.

Download A Primer on Decentralized Finance (DeFi) report below.

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