Decentralized Finance (DeFi) is any financial service executed using Blockchain technologies directly between the parties, eliminating the need for intermediaries.
DeFi is the cornerstone principle of popular cryptocurrency applications - Bitcoin and Ethereum. It allows cryptocurrency owners to take financial flow control away from authorities like banks and governments and perform financial transactions directly with each other. With DeFi, also known as Open Finance platforms, anyone with a device and an internet connection can access the financial service.
defi open source projects