Defi (Decentralised Finance) is an emerging financial instrument based on secure distributed ledgers similar to Bitcoin or Ethereum that is the peer-to-peer financial services on public blockchains, not routed through a centralised system. The DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions that can be expanded to use of blockchain from simple value transfer to more complex financial use cases.
Related Definitions in the Project: The Commercial Definitions
