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Mason

The Ultimate Guide to DeFi (Decentralized Finance)

defi-guide
Decentralize Finance — or Open Finance — refers to the paradigm shift from today’s closed financial system towards an open financial economy based on open protocols that are interoperable, programmable, and composable. Ethereum is creating a new economy that integrates blockchain technology and cryptocurrency with current financial systems. DeFi is not about creating a new system from scratch. It is about democratizing the existing system and making it more equitable using open protocols and transparent data.