> For the complete documentation index, see [llms.txt](https://docs.horaos.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.horaos.com/defi/2.-cefi-and-defi/2-what-is-defi.md).

# 2  .What is DeFi?

DeFi (Decentralized Finance) is a decentralized (or open finance) finance platform. In which, the organizations, markets or financial tools are decentralized management.

• DeFi utilizes the power of Blockchain as decentralization and transparency to create a model of open finance. In it, everyone can access and use it anywhere, anytime without being influenced by any centralized individual or organization.<br>