DeFi

Decentralized Finance

DeFi refers to financial services built on public blockchains using smart contracts. It enables lending, trading, and asset management without traditional intermediaries.

DeFi platforms use crypto assets and open protocols, which can introduce volatility and smart contract risk. Users typically interact through digital wallets.

Related Terms

Smart Contract

A smart contract is self-executing code stored on a blockchain that runs when predefined conditions ...

Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on ...

Stablecoin

A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging it to a rese...

Digital Wallet

A digital wallet is an electronic device, software program, or online service that stores payment in...

Need to convert bank statements to spreadsheet format? Try our bank statement converter to easily export your transaction data to Excel or CSV.

Glossary home

Convert 10 pages free per week.
Try your weirdest statement.

Convert a bank statement PDF free