Welcome to the Ask SCN Community › Forums › Global Forum › FAQs › What is DeFi? › Reply To: What is DeFi?
July 10, 2023 at 4:40 pm
#10114
Participant
DeFi stands for Decentralized Finance. It refers to a system of financial applications and platforms that operate on blockchain networks, such as Ethereum. DeFi aims to provide open, permissionless house of hazards, and decentralized alternatives to traditional financial intermediaries and services.