Decentralized finance DeFi

DeFi is an open and global financial system built for the internet age an alternative to a system that's opaque, tightly controlled, and held together by decade sold infrastructure and processes. It gives you control and visibility over your money.

It gives you exposure to global markets and alternatives to your local currency or banking options. DeFi products open up financial services to anyone with an internet connection and they're largely owned and maintained by their users.

So far tens of billions of dollars’ worth of crypto has flowed through DeFi applications and it's growing every day. DeFi is a collective term for financial products and services that are accessible to anyone who can use Ethereum anyone with an internet connection.

With DeFi, the markets are always open and there are no centralized authorities who can block payments or deny you access to anything. Services that were previously slow and at risk of human error are automatic and safer now that they're handled by code that anyone can inspect and scrutinize.

There's a booming crypto economy out there, where you can lend, borrow, long/short, earn interest, and more. Cryptosavvy Argentinians have used DeFi to escape crippling inflation. Companies have started streaming their employees their wages in real time.

Some folks have even taken out and paid off loans worth millions of dollars without the need for any personal identification.

You hold your money. You control where your money goes and how it's spent. Transfers of funds happen in minutes. Transaction activity is pseudonymous. DeFi is open to anyone. The markets are always open. It's built on transparency anyone can look at a product's data and inspect how the system works.

Your money is held by companies. You have to trust companies not to mismanage your money, like lend to risky borrowers. Payments can take days due to manual processes. Financial activity is tightly coupled with your identity.

You must apply to use financial services. Markets close because employees need breaks. Financial institutions are closed books: you can't ask to see their loan history, a record of their managed assets, and so on.