Hora Os
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  • Why Hora OS
  • How it work?
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  • Tokenomics
  • Use Case
    • Storage Decentralized
    • Decentralize Finance (Defi)
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  • Audits
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  • DEFI
    • 1.Centralize -Decentralize
    • 2. CEFI & DEFI
      • 1 .What is Cefi?
      • 2 .What is DeFi?
      • 3. What is the Difference between DeFi and CeFi?
      • 4 .Advantages of DeFi
      • 5. Key components of DeFi?
      • 6. Dapps (Decentralized application)
      • 7 .Main features of Dapps
    • 3. DEFI BANK
      • 1 .Current banking services (Traditional banking )
      • 2. Defi Bank
        • 1. What does Defi Bank look like?
        • 2. What are the main features of Defi Bank?
      • 3.The advantages of Defi
  • HoraChain Testnet
  • 🌂DISCLAIMER
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  1. Use Case

Decentralize Finance (Defi)

Decentralized finance (commonly referred to as DeFi)

PreviousStorage DecentralizedNextVersion

Last updated 3 years ago

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Decentralized finance (commonly referred to as DeFi) is a -based form of finance that does not rely on central financial such as , , or to offer traditional , and instead utilizes on blockchains, the most common being . DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade , insure against risks, and earn in savings-like accounts. DeFi uses a layered architecture and highly composable building blocks. Some DeFi applications promote high but are subject to high risk. By October 2020, over $11 billion (worth in cryptocurrency) was deposited in various decentralized finance protocols, which represented more than a tenfold growth during the course of 2020. As of January 2021, approximately $20.5 billion was invested in DeFi.

blockchain
intermediaries
brokerages
exchanges
banks
financial instruments
smart contracts
Ethereum
[1]
cryptocurrencies
interest
[2]
[3]
interest rates
[2]
[1]
[4]
[2]
[5]
https://en.wikipedia.org/wiki/Decentralized_finance