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Meaning of DeFi | Babel Free

Noun CEFR B1
ˈdiːˌfaɪ

Definitions

Initialism of decentralized finance.

abbreviation, alt-of, initialism, uncountable

Equivalents

Français défi

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

B1
Intermediate
This word is part of the CEFR B1 vocabulary — intermediate level.
See all B1 English words →

See also

defial Defiance Defiance County Defiances Defiant Defiantly

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