I was participating in GEOMA DAO for a while and that's how I learned about DeFi because they required some questions.
DeFi is lending, investing and offering loans through some kind of decentralized blockchain. Is it correct or wrong?
Topic: Defining DeFi (Read 120 times)
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DeFi (Decentralized Finance) seems to be a really hard term to pin down a good definition for.
So, good users of bitcointalk.org, I ask you this:
What's your definition of DeFi? Is it something that matters to you or just another buzzword? If it matters to you, where's it heading, and why does it matter?
Cheers!
PS: I'll share my thoughts afterwards
So, good users of bitcointalk.org, I ask you this:
What's your definition of DeFi? Is it something that matters to you or just another buzzword? If it matters to you, where's it heading, and why does it matter?
Cheers!
PS: I'll share my thoughts afterwards
Well i would say its a different thing like the past where people compare IPO/IEO/STO to ICO where just the "name" differs
DEFI is not something that is created just to attract people to try into an empty promise
The whole concept of DEFI is mainly combining the current traditional finance with the help of Technology
I would say DEFI is part of Fintech, or it would be a great example of why Fintech is created
Decentralized Finance has its pros but also cons. When things goes towards decentralized, the structure itself must be really secure and not penetrate-able or get exploit
Because if something were meant to be run on itself, if it could be manipulate from the outside (Users, Investors, Client), the whole structure will be destroyed
We at CoinGecko just published a DeFi book here:
https://landing.coingecko.com/how-to-defi/
You guys may find it useful.
https://landing.coingecko.com/how-to-defi/
You guys may find it useful.
DeFi is a decentralized finance but that's not totally buzzword, the definition is about any decentralized service that operated in the development of the financial field. Maybe not all of the finance projects in crypto can't be considered as decentralized only a few projects that are putting decentralized as the main achievement and only these project that can be called as decentralized finance ( DeFi ) just like decentralized exchange site, etc. Yes it does caused by the decentralized system gives more protection to our privacy.
DeFi (Decentralized Finance) seems to be a really hard term to pin down a good definition for.
So, good users of bitcointalk.org, I ask you this:
What's your definition of DeFi? Is it something that matters to you or just another buzzword? If it matters to you, where's it heading, and why does it matter?
Cheers!
PS: I'll share my thoughts afterwards
So, good users of bitcointalk.org, I ask you this:
What's your definition of DeFi? Is it something that matters to you or just another buzzword? If it matters to you, where's it heading, and why does it matter?
Cheers!
PS: I'll share my thoughts afterwards
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