What does DeFi mean?

What does DeFi mean?

DeFi, or decentralized finance, is a system of financial services that operates on blockchain technology and does not rely on banks or traditional intermediaries.

Through digital applications, it allows users to perform operations such as sending money, exchanging assets, saving, lending, or borrowing directly. The rules are not set by an institution but by computer programs called smart contracts, which execute automatically and transparently.

This model removes operating hours, reduces intermediaries, and expands access to financial tools from anywhere in the world. In essence, DeFi transfers traditional functions of the financial system to a more open and global digital environment.

Updated on: 12/03/2026