Decentralized Finance is buzzing especially in the Ethereum community. A multitude of projects are being developed that provide the same functions as the legacy financial world – borrowing, lending, insurance, prediction markets, collateralizing, derivatives, and more. This will allow worldwide, permission-less access to these financial features, all directly on the blockchain. Many popular Dapps in this space include – Augur, dy/dx, Uniswap, MakerDAO, Dharma, and more. For those who think that finance is the best application of blockchain, Decentralized Finance or DeFi, should make you super excited for all the innovation it will bring.
The Block Crypto diagram:
#DeFi #Ethereum #Blockchain
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