Wikipedia has some answers for you > Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on central fina

Wikipedia has some answers for you > Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes smart contracts on blockchains, the most common being Ethereum. Wikipedia: https://en.wikipedia.org/wiki/Decentralized_finance https://en.wikipedia.org/wiki/Decentralized_finance