DeFi

Decentralized Finance

1. | concept

DeFi is an exciting new space of decentralized finance. Usually trustless and non-custodial.

DeFi is rapidly expanding and allowing for new use-cases and ideas to be realized. Automated Market Making, Decentralized Exchanges, Flash Loans, Lending, Sushi Farming. etc.
The DeFi space is going to be one to watch in the 2020's.

2. | about

Most DeFi is done on smart contract based chains such as Ethereum (ETH) as it has the best developer tools and a flexible scripting language. But many DeFi products don't require all of this power - which also bring high fees

For the simpler use-cases we are going to see new DeFi focused blockchains appear, and simpler parts of it move to other blockchains like Bitcoin Cash (BCH)

* All terms and definitions will change as the Cryptionary improves