Cryptocurrency Q&A What is the full meaning of DeFi?

What is the full meaning of DeFi?

Dreamchaser Dreamchaser Mon Mar 31 2025 | 7 answers 1760
I've been hearing a lot about DeFi recently and I'm curious to understand what it stands for and its significance in the financial world. Could someone please explain the full meaning of DeFi and how it's changing the landscape of traditional finance? What is the full meaning of DeFi?

7 answers

DongdaemunTrendsetterStyleIcon DongdaemunTrendsetterStyleIcon Wed Apr 02 2025
DeFi stands for decentralized finance.

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Chiara Chiara Wed Apr 02 2025
The primary blockchain used for DeFi applications is Ethereum.

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HanjiArtistryCraftsmanshipMasterpiece HanjiArtistryCraftsmanshipMasterpiece Tue Apr 01 2025
DeFi offers a wide range of financial services.

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EnchantedMoon EnchantedMoon Tue Apr 01 2025
With the rise of DeFi, more and more people are looking for ways to participate in this new financial ecosystem.

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MysticStorm MysticStorm Tue Apr 01 2025
One of the key benefits of DeFi is its decentralized nature.

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