What Is DeFi?DeFi, which stands for "decentralized finance," is an acronym for public blockchain-based peer-to-peer financial services.
Earning interest, borrowing money, lending money, purchasing insurance, trading derivatives, trading assets, and other activities are all possible with DeFi, but the process is quicker and doesn't need any formalities or a third party. DeFi is worldwide, peer-to-peer (meaning directly between two people, not routed through a centralized system), pseudonymous, and available