Decentralized Finance: A Primer
Feb 17, 2022
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DeFi Overview & Irrefutable Growth
Decentralized Finance (DeFi) is a vertical within the digital asset space that allows users to access financial services without centralized intermediaries. It became the first breakthrough application of smart contracts, having been in development since 20171. Leveraging smart contract functionality on different blockchains, DeFi strives to create a more accessible, efficient, and transparent financial system.
DeFi’s breakneck adoption is evidenced by metrics on all fronts. Total Value Locked (TVL), a measure of capital locked inside Layer...