What is DeFi exactly

Please, I want to know what is the DeFi really. It is a project or what?
Thanks

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This is group of project. mainly it’s about lending/borrowing crypto to others. More detailed topic were already created on this forum

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DeFi is the abbreviation of “Decentralized Finance”

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Simply Defi is decentralised finance. It is like bank you can do lending and borrow.

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Becoming your own bank.
Not having to trust central authorities to store your funds.
Not having to trust our central bank to not print excess money overnight.

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well that Defi protocols still need to research, there is many ways to fool them today, so not any defi system is better then CB, but i love yours faith in concept)

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Defi u have to think about it more

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Defi is good project for crypto

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You just educated me in particular. I have been seeing this and thought it was a coin. Now I’m more informed. Thanks

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A big thanks to everyone of you
Thanks a lot for your explanation

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Thanks for information

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Heheh I’m impressed.

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