defi-guide

The Ultimate Guide to DeFi (Decentralized Finance)

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.