1. What is Defi
DeFi (Decentralized Finance): Decentralized finance, also known as open finance, is a decentralized protocol used to build an open financial system, aiming to allow anyone to conduct various financial activities anytime and anywhere.
In the existing financial system, financial services are mainly controlled and regulated by the central system, whether it is the most basic deposit and withdrawal transfer, loan or derivatives transaction. DeFi hopes to establish a transparent, accessible and inclusive peer-to-peer financial system through distributed open source protocols to minimize trust risks and allow participants to obtain financing more easily and conveniently.
