Meaning of DeFi | Babel Free

Definitions

Initialism of decentralized finance.

abbreviation, alt-of, initialism, uncountable

Examples

“DeFi services use smart contracts, cryptocurrency, and blockchain to replace some of the services that banking has traditionally provided.”

“DeFi eliminates human intermediaries like brokers, bank clerks and traders, and instead uses algorithms to execute financial transactions, such as lending and borrowing.”

CEFR level