what is Defi?

[BlockchainXTech]

If you want to know what DeFi or Decentralized Finance is and what is the reason why it attracts the eyes of all users in the crypto world, you are in the right place and time.
Just as long ago we have experienced the explosion of ICO (Initial coin Offering) initiatives, today everyone in the crypto space is talking about DeFi .
If you want to know what DeFi is, we could define it as a set of financial services that use smart contracts to carry out transactions. These are executed in an automated way, without intermediaries such as banks or lawyers and they do so thanks to blockchain technology .

Definition of DeFi?

DeFi refers to financial services provided by DAO (Decentralized Autonomous Organizations) avoiding intermediaries through smart contracts.

DeFi is a concept that he created in 2019, to name those open source financial initiatives or projects, with non-permissive architectures, which is governed and executed in a totally decentralized and public way.

months to come, fewer and fewer people will have doubts about what DeFi or decentralized finance is , as these will gradually become a fundamental and basic part of the crypto space.

https://www.blockchainx.tech/what-is-defi-centralized-finance