Home » Cryptocurrency Basics » What is DeFi?

What is DeFi?

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),...

Thomas DeMichele's Full Bio

Save 10% on Binance Trading Fees with referral code DJBLD1Q5: Use our referral link to sign up for Binance and save 20% on trading fees for life. You can also save an additional 25% by using BNB to trade. See a review of the Binance referral program.

Get a free month of Coinbase One to protect your account and save on fees: https://coinbase.com/one?promo=CB1H6SCZT5&referral.

Get $15 when you trade $100, Plus up to 25% off Trading Fees Gemini Referral Code Link.

Save 20% on OKX Fees with referral code 69525209.

Get 20% off trading fees at Bybit with referral code NXXG2R. See our Bybit referral code review.

Save up to 10% on fees at GMX with referral code CCFacts.

Follow CryptocurrencyFacts.com on Binance for exclusive discounts, tips, and tricks.

Get more crypto referral codes at HowToReferral.com.

NOTE: All referral links are checked regularly. Please see our About page for details.

The content of this website is provided for informational purposes only and can’t be used as investment advice, legal advice, tax advice, medical advice, advice on operating heavy machinery, etc. Our site is not officially associated with any brand or government entity. Any mention of a brand or other trademarked entity is for the purposes of education, entertainment, or parody. Neither CryptocurrencyFacts.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on or linked to from CryptocurrencyFacts.com. In other words, this is a website on the internet offering free information about cryptocurrency. This is not your accountant, lawyer, or fiduciary offering you professional tax, legal, or investment advice. See our about page, legal and privacy page, and cookie policy for more disclaimers and information. ₿♦️🦄 🐕 🪨

Coinbase Disclaimer: Personalized reward offer is displayed after account creation. Limited time offer and while supplies last. Offer available to new users who have not previously verified their identification. Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time, in its sole discretion. See Terms and Conditions.