"DeFi refers to the economic paradigm change brought about by the use of decentralized technology, especially the blockchain system. From peer-to-peer payment systems to automatic loan products to a stable platform directly linked to the US dollar, DeFi has become a blockchain technology exploration The most popular application scenario in the field." -Consensys DeFi Ecological Picture ** ** In August 2018, Brendan Forster, co-founder and COO of Dharma Labs, 1st proposed the idea of "DeFi". In his post "Announcing De.Fi, A Neighborhood for Decentralized Financing Platforms", he explained the four features of DeFi projects: design On the decentralized general public chain, financial apps, open source code, and the complete developer platform. DeFi means "Decentralized Financing", which refers to "decentralized financing". In the wonderful world of blockchain, additionally it is called open financing, because this concept refers to those
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