A practical exercise using the Aave protocol Introduction There is always talk about the clarity of blockchain, that everything is traceable and everyone can see what was written but is it easy to access this information? How can I get data…
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.
DeFi is the domain of financial services built using decentralized technologies. These services are financial primates, such as lending, borrowing, swap, trading, asset management, etc.
