DeFi
Short for decentralized finance. DeFi offers financial vehicles without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain. The most popular platform for DeFi applications is Ethereum.
In a sentence
The user deposited stablecoins into a DeFi lending protocol to earn interest.
- The user deposited stablecoins into a DeFi lending protocol to earn interest.
- DeFi applications use smart contracts to provide financial services without traditional intermediaries.
- A wallet connection allowed the investor to trade through a DeFi exchange.
- The audit identified risks in the DeFi protocol’s liquidation mechanism.
- Total value locked declined as users withdrew assets from DeFi platforms.



