DeFi

Decentralized Finance (DeFi) is a developing area at the intersection of blockchain, digital assets, and financial services. DeFi protocols seek to disintermediate finance through both familiar and new service arrangements. The market experienced explosive growth beginning in 2020. According to tracking service DeFi Pulse, the value of digital assets1 locked into DeFi services grew from less than $1 billion in 2019 to over $15 billion at the end of 2020, and over $80 billion in May 2021.2 Yet DeFi is still early in its maturation.

Decentralized finance (DeFi) | ethereum.org

Some people aren't granted access to set up a bank account or use financial services. Lack of access to financial services can prevent people from being employable. Financial services can block you from getting paid. A hidden charge of financial services is your personal data. Governments and centralized institutions can close down markets at will.

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