Decentralized Finance (DeFi)

Specifically, DeFi or decentralized finance refers to financial applications that are decentralized but still remain in the broader shade of FinTech. DeFi, relies on decentralized operations that use open source systems Some of these are protocol lending, security tokens, currency exchange, and derivative financial instruments. Derivative instruments are financial instruments that are valued from one or several basic entities such as assets and interest rates. In addition to these applications, there are many more that are included in DeFi.