What does decentralized finance mean?
Definitions for decentralized finance
de·cen·tral·ized fi·nance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word decentralized finance.
Wikipedia
Decentralized finance
Decentralized finance (DeFi) offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. DeFi uses a layered architecture and highly composable building blocks. Some applications promote high interest rates but are subject to high risk. As of October 2021, the value of assets used in decentralized finance amounted to $100 billion.
Numerology
Chaldean Numerology
The numerical value of decentralized finance in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of decentralized finance in Pythagorean Numerology is: 7
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"decentralized finance." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/decentralized+finance>.
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