Decentralized finance (commonly referred to as DeFi) creates an open and transparent financial system. Decentralized Finance is the application of blockchain technology in Fintech digital finance.
DeFi does not require a trust foundation, no institutional permission, and asset control in your own hands. The main advantage is to eliminate "trusted third parties" through decentralization, and maintain the transparency and immutability of the ledger.
The biggest feature of DeFi is decentralization, coupled with the use of smart contracts, central agency transaction agreements, stablecoins, lending, derivatives, funds, prediction markets, tokenization agreements, KYC/AML and identity authentication, etc.
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