Creation and promotion of defi

Smart contracts for ICOs made a splash in 2017. For a long time, this method of raising funds was the main advantage of the blockchain. The main one, but not the only one. Now a new revolution is starting - Decentralized Finance (DeFi).

What is DeFi?

DeFi stands for “decentralized finance” and refers to the ecosystem comprised of financial applications that are being developed on top of blockchain systems.

DeFi may be defined as the movement that promotes the use of decentralized networks and open source software to create multiple types of financial services and products. The idea is to develop and operate financial DApps on top of a transparent and trustless framework, such as permissionless blockchains and other peer-to-peer (P2P) protocols.