What's DeFi? DeFi is essentially just conventional financial tools built on a blockchain — specifically Ethereum. They are mostly predicated on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services.
Decentralized finance (DeFi) has been making waves over the last several months following the surge in platforms and products offering DeFi services. Decentralized lending platform MakerDAO has risen to prominence amid impressive adoption of its stablecoin Dai, but is only part of a subset of a growing ecosystem driving unstoppable finance.
Lending protocols, security tokens, derivatives, exchanges, and more, Ethereum’s DeFi landscape is playing out as one of its most profound application environments so far — despite the network’s scaling woes.