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Innovative DeFi Projects - What Is DeFi Innovation?

Written By Ivan on Tech

Jul 21, 2020

There is no shortage of innovative DeFi projects in 2020. Far from it, this year appears to be the one where the DeFi sector could be ready for the limelight. However, what DeFi projects are really setting themselves apart - and is it possible to develop socially innovative DeFi solutions? This article explains everything there is to know about decentralized finance and DeFi innovation!

DeFi Innovation

Those keeping an eye on either the field of finance of blockchain technology will have heard about DeFi. DeFi, short for Decentralized Finance, is a technology that promises to change the existing financial ecosystem. If this sounds dramatic, it is because it is.

The recent flurry of DeFi innovation has been a long time coming. Relying mainly on the Ethereum network and blockchain-driven smart contracts, the DeFi ecosystem began growing in the shadow of the Bitcoin boom and cryptocurrency craze. Nevertheless, DeFi innovation never got as much attention as the glitzy world of crypto....

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