DeFi is an acronym for "decentralized finance," refers to a group of financial tools built on a block chain. The idea of DeFi lending and borrowing is existed to make it possible for anyone with Internet access to lend, borrow and bank without the use of middle men.
DeFi is an acronym for "decentralized finance," refers to a group of financial tools built on a block chain. Decentralized finance has been promoted as a potential solution for lowering the barrier to entry for those who have difficulty in opening bank accounts. The goal of DeFi lending platforms is to provide crypto loans in a trust less manner that is without intermediaries and to allow users to list their crypto coins on the platform for lending purposes.
