Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks. Decentralized Finance is a fast-growing sector of the cryptocurrency industry. 

More specifically, the term Decentralized Finance may refer to a movement that aims to create an open-source, permission less, and transparent financial service ecosystem that is available to everyone and operates without any central authority. Here are a few things you need to know if you are interested in DeFi or have been following us closely for the last few months when we integrated Uniswap trading on the BlockBanc app – refer to the infographic below.

DeFi infographic