DeFi

See also: defi and défi

English

Pronunciation

  • IPA(key): /ˈdiːˌfaɪ/

Noun

DeFi (uncountable)

  1. (finance, cryptocurrencies) Acronym of decentralized finance.
    • 2020, Lorne Lantz, Daniel Cawrey, Mastering Blockchain, O'Reilly Media, →ISBN, page 158:
      DeFi services use smart contracts, cryptocurrency, and blockchain to replace some of the services that banking has traditionally provided.
    • 2021 September 5, Eric Lipton, Ephrat Livni, “Crypto’s Rapid Move Into Banking Elicits Alarm in Washington”, in The New York Times‎[1], →ISSN:
      DeFi eliminates human intermediaries like brokers, bank clerks and traders, and instead uses algorithms to execute financial transactions, such as lending and borrowing.

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