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What is decentralized finance?

  • Management Dictionary
  • Corporate and Market Finance
244 views

Decentralized finance (DeFi) is a set of financial activities involving cryptoassets that are not controlled by a central authority. DeFi leverages blockchain technology through decentralized, disintermediated, and automated protocols to create financial applications that operate without intermediaries such as banks, financial institutions, or governments.

Keywords
  • Challenge, Decentralized Finance, Finance, Fintech

Author(s)

AJILI BEN YOUSSEF Wissem
Associate Professor of Finance
EM Normandie

Institution(s)

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