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English
Pronunciation
Noun
DeFi (uncountable)
- (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, →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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