This article will discuss about De-Fi subject in a more concise way, so that you can have a basic to understanding De-Fi (Decentralized Finance).
Decentralized Finance, abbreviated as De-Fi, refers to an ecosystem of financial applications built on top of a blockchain network. more specifically, the term decentralized finance can mean a movement aimed at producing open-source, license-free, transparent financial services that are available to everyone and operate without centralized authority. The users will have full control over their assets and connect with the ecosystem through Dapps, in this case De-Fi moves the Ce-Fi components (lend, borrow, etc.) and decentralizes these components by eliminating intermediaries (middleman, third parties) and replacing them with 2 main defi components, namely smart contracts and tokens. De-Fi is predicted to be the most popular crypto project in 2021.
