What is DeFi? Decentralized Finance Explained | Carret
DeFi is a network of DApps (decentralized applications) and smart contracts built on the Ethereum blockchain that focuses on financial applications like loans, derivatives, exchanges, trading, and more.
DeFi focuses on the idea of “Lego” money. That is, anyone should be able to freely create, modify, mix, connect, or build on any DeFi product. Because DeFi protocols are modular, they can interact with one another (much like Lego constructors) to create an increasingly dense system of interacting parts. DeFi applications can be created by anyone who can write a smart contract.
Learn more about DeFi (Decentralized Finance) here - https://blog.carret.in/what-is-defi-a...
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