Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Also: DeFi

Financial services, such as trading, lending, borrowing, and earning interest, run by smart contracts that anyone can use without an intermediary. It is open and always on, but comes with smart-contract, oracle, and market risks that no company stands behind.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.