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DeFi De-Fi is the branch of Web3 that is pushing the boundaries of financial services by making them more inclusive, secure, and decentralized. The primary objective of De-Fi platforms is to remove all middlemen from financial services and transactions.

DeFi is an open-source and decentralized financial ecosystem built on top of the Ethereum blockchain. It appeared as an alternative to traditional centralized finance which historically (i) lack transparency (ii) is centralized, notably in terms of decision power (iii) has low interoperability (iv) ..

Decentralized finance, or DeFi, is the ecosystem of financial applications being built with blockchain technology and without banks.  Characteristics:  Non-Custodial, o pen, t ransparent, d ecentralized

  DeFi refers to “decentralized finance,” an effort to transform the financial-services industry by making transactions faster, cheaper, and more secure.

5. De-Fi is an emerging financial technology that uses distributed ledgers to remove middlemen from financial transactions. They are a combination of smart contracts and DAOs.

We are already starting to see Traditional Finance (TradFi) players tap into the DeFi market. For example, Siam Commercial Bank has invested in Alpha Finance Lab and is working closely together to create a unique suite of products that bridges the gap between the traditional and decentralized financial sectors. Other examples include Yield.app that

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Put it simply, DeFi is a global and open alternative to every financial service you use today (savings, loans, trading, insurance, .. ) accessible to anyone in the world with a smartphone and internet connection.

Decentralized Finance (DeFi) enables applications like prediction, trading, and financial markets to run on smart contracts, with no middle men (e.g. lawyers and bankers)