Whats is DEFI? Pls explain

Can someone explain in a simple way what DEFI is??


Defi is decentralized finance … It is an financial ecosystem built on ethereum blockchain … Means also all the decentralized applications that offer financial solutions as lending or borrowing …


means peer to peer without any tierce autority

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See it as a means of creating a financial system that is open to everyone and minimizes one’s need to trust and rely on central authorities.

No more trusting the government to not overprint money overnight.

No more trusting banks to safely store our money and assets.

It is being your own bank

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