Over the last year, the term “DeFi” has caused quite a stir in the decentralized community. Many in the community believe that DeFi, or decentralized finance, can completely turn the global economy on its head by making the finance sector transparent and more easily accessible. The DeFi movement leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries:
The pitfalls of traditional finance.
What is DeFi, and why do we need it?
DeFi use-cases and applications.
What is DeFi Lending?
The DeFi lending space plays the same role as any traditional bank giving loans to a user or business. But as with any other blockchain application, DeFi lending has much more to offer than its conventional peers.