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What is DeFi?

Researched by Thomas DeMichele Published - August 10, 2020
Last Updated - December 9, 2020

DeFi is short for Decentralized Finance. DeFi describes decentralized lending, borrowing, and interest-bearing systems like Maker and Compound, most of which are Ethereum-based.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when CryptocurrencyFacts.com was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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