Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

decentralized finance decentralized finance terms defi defi definition defi definitions defi terms what is defi

DeFi Encyclopedia - The Ultimate List of Decentralized Finance Terms

Written By Ivan on Tech

Aug 27, 2020

Decentralized finance (DeFi) continues to make waves in the crypto space with $7.22 billion in total value locked in, according to DeFi Pulse. Amazingly, over $6 billion of those funds have entered the market since June 2020! And throughout this year, DeFi continues to be the prime-mover driving the upcoming bull market. 

With all the interest in DeFi, have you tried to understand it but were overwhelmed by all the unfamiliar expressions and acronyms? If so, you’ve come to the right place. Simply bookmark this list of DeFi terms, and you can easily return here to scan through a wealth of information.

What is DeFi?

Put simply, DeFi is a financial ecosystem, mainlt built on the Ethereum blockchain composed of different platforms and protocols. With DeFi, you can move cryptocurrency tokens around, trade them, lend and borrow them. This creates a more efficient, and in many cases more profitable, financial ecosystem! Best of all, DeFi is open to anyone, meaning it is...

Continue Reading...
Close

Get our Free Ebook

Enter your email and we will send it to you!