Decentralized finance
id:
decentralized-finance-164-8001937
title:
Decentralized finance
text:
Decentralized finance offers financial instruments and operations through smart contracts on a programmable permissionless blockchain, thus minimizing the reliance on intermediaries such as brokerages, exchanges, or banks. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements of assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. The DeFi ecosystem uses a layered architecture and highly compos
brand slug:
wiki
category slug:
encyclopedia
description:
Financial services with no central authority
original url:
https://en.wikipedia.org/wiki/Decentralized_finance
date created:
2020-09-28T03:37:36Z
date modified:
2024-08-28T20:42:03Z
main entity:
{"identifier":"Q97660299","url":"https://www.wikidata.org/entity/Q97660299"}
image:
fields total:
13
integrity:
15