DeFi, or ‘Decentralized Finance,’ refers to blockchain-based platforms that support various financial operations without a traditional middleman.
DeFi aims to create an open-source, permissionless, participatory, and transparent financial ecosystem that operates without any central authority.
Key features of DeFi
– DeFi is permissionless– DeFi promotes transparency– DeFi enables autonomy
Top 3 DeFi Trends
#1 Emergence of Real-World Asset (RWA) in 2023#2 Increase in Stablecoin adoption, the emergence of CBDCs#3 Enhanced importance of L2 scaling and ZK technology