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What is DeFi? (Decentralized Finance Animated) | Decentralized Finance Explained | Crypto News

What is DeFi? (Decentralized Finance Animated) | Decentralized Finance Explained | Crypto News

What is DeFi? (Decentralized Finance Animated) | Decentralized Finance Explained | Crypto News

Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies.

In the U.S., the Federal Reserve and Securities and Exchange Commission (SEC) define the rules for centralized financial institutions like banks and brokerages, which consumers rely on to access capital and financial services directly. DeFi challenges this centralized financial system by empowering individuals with peer-to-peer digital exchanges.

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{date}:2023-06-25 15:30:03

{auhtor}:UCq09fjdYGqCbpI-6q8CH5Uw

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