DeFi

Cryptoassets - cryptocurrencies.

DeFi is an abbreviation for decentralised finance.

DeFi enables the lending and borrowing of cryptoassets without using a central exchange.

DeFi services are algorithmic-based services that rely on smart contracts and are delivered over distributed ledger technology platforms without intermediaries.

See also

• Centralised finance (CeFi)
• Cryptoasset exchange
• Cryptoassets
• Cryptocurrency
• Decentralised finance

External link

• Is 'crypto' a financial stability risk? - Bank of England - Jon Cunliffe, Deputy Governor, Financial Stability - October 2021