How is defi used in a sentence?

DeFi-protokoller tilbyr en ny måte å låne og investere på uten tradisjonelle banker. | Mange ser på DeFi som fremtiden for finansielle tjenester på grunn av dens åpenhet og tilgjengelighet. | Blokkjeden er grunnlaget for de fleste DeFi-applikasjoner, som sikrer sikkerhet og immutabilitet.

Definition of"defi" in Norwegian

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defi

/ˈdiːfaɪ/

Noun

Definitions

Noun

Decentralized Finance (DeFi) refers to an emerging financial technology based on secure distributed ledgers, similar to those used by cryptocurrencies. It aims to remove intermediaries like banks and brokerages from financial transactions, allowing individuals and entities to conduct peer-to-peer financial activities such as lending, borrowing, and trading using blockchain technology and smart contracts.

🟡Intermediate

Examples

"DeFi-protokoller tilbyr en ny måte å låne og investere på uten tradisjonelle banker."
DeFi protocols offer a new way to borrow and invest without traditional banks.
"Mange ser på DeFi som fremtiden for finansielle tjenester på grunn av dens åpenhet og tilgjengelighet."
Many view DeFi as the future of financial services due to its transparency and accessibility.
"Blokkjeden er grunnlaget for de fleste DeFi-applikasjoner, som sikrer sikkerhet og immutabilitet."
Blockchain is the foundation for most DeFi applications, ensuring security and immutability.
"Uten mellomledd kan DeFi potensielt redusere transaksjonskostnadene for brukere."
Without intermediaries, DeFi can potentially reduce transaction costs for users.

Etymology

An acronym for 'Decentralized Finance,' which emerged in the late 2010s as a concept within the blockchain and cryptocurrency community, gaining prominence as a movement to decentralize traditional financial services.

Cultural Notes

DeFi represents a significant paradigm shift in finance, offering greater transparency, accessibility, and autonomy to users by leveraging blockchain technology. It challenges traditional banking and financial systems and has rapidly grown into a substantial sector within the broader cryptocurrency market, attracting both innovators and investors seeking alternatives to conventional finance.

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