Defi can leverage Web3 to ease the processes such as receiving a loan, saving cryptocurrency, buying financial derivatives such as stocks, earning better interest than a bank, and money lending.
Defining Financial Innovation, or DeFi, is a set of applications and peer-to-peer protocols developed on decentralized blockchain networks that allow lending, borrowing, and trading of financial tools with no access rights required.
Smart contracts are computer protocols that allow an agreement to be verified, controlled, and executed digitally.
A hacker exploited a vulnerability protocol to steal more than $600 million in cryptocurrency from a Decentralised Finance (DeFi) platform, Poly Network.
Learn what DeFi is and how it has grown significantly over the years.