DeFi
E772504
DeFi (Decentralized Finance) is a blockchain-based financial ecosystem that enables peer-to-peer services like lending, trading, and asset management without traditional intermediaries such as banks.
Statements (56)
| Predicate | Object |
|---|---|
| instanceOf |
blockchain-based financial system
ⓘ
decentralized application domain ⓘ financial ecosystem ⓘ |
| aimsTo | remove financial intermediaries ⓘ |
| allows |
global access to financial services
ⓘ
non-custodial asset custody ⓘ programmable financial products ⓘ |
| avoids |
brokerage firms
ⓘ
centralized exchanges ⓘ traditional banks ⓘ |
| basedOn | blockchain technology ⓘ |
| commonlyRunsOn |
Avalanche
NERFINISHED
ⓘ
BNB Chain NERFINISHED ⓘ Ethereum NERFINISHED ⓘ Polygon NERFINISHED ⓘ Solana NERFINISHED ⓘ |
| contrastsWith | traditional finance ⓘ |
| corePrinciple |
composability
ⓘ
decentralization ⓘ non-custodial control ⓘ permissionless access ⓘ transparency ⓘ |
| emergedAround | 2018 ⓘ |
| enables |
peer-to-peer asset management
ⓘ
peer-to-peer lending ⓘ peer-to-peer trading ⓘ |
| governedBy |
decentralized autonomous organizations
ⓘ
on-chain governance ⓘ |
| grewRapidlyIn | 2020 ⓘ |
| includes |
borrowing protocols
ⓘ
decentralized asset management ⓘ decentralized exchanges ⓘ derivatives protocols ⓘ insurance protocols ⓘ lending protocols ⓘ liquidity pools ⓘ stablecoin protocols ⓘ synthetic asset platforms ⓘ yield farming platforms ⓘ |
| metric | total value locked ⓘ |
| risksInclude |
governance attacks
ⓘ
liquidity risk ⓘ market volatility ⓘ regulatory uncertainty ⓘ smart contract vulnerabilities ⓘ |
| typicallyRunsOn | public blockchains GENERATED ⓘ |
| uses |
cryptocurrencies
ⓘ
governance tokens ⓘ liquidity provider tokens ⓘ smart contracts ⓘ stablecoins ⓘ |
| usesMechanism |
automated market makers
ⓘ
liquidity mining ⓘ overcollateralized loans ⓘ staking ⓘ yield farming ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.