Decentralized Finance (DeFi)
DeFi stands for “decentralized finance” and refers to the ecosystem comprised of financial applications that are being developed on top of blockchain
DeFi may be defined as the movement that promotes the use of decentralized networks and open source software to create multiple types of financial services and products. The idea is to develop and operate financial DApps
on top of a transparent and trustless framework, such as permissionless blockchains and other peer-to-peer (P2P)
Currently, the three largest functions of DeFi are:
Creating monetary banking services (e.g., issuance of stablecoins
Providing peer-to-peer or pooled lending and borrowing platforms
Enabling advanced financial instruments such as DEX, tokenization platforms, derivatives and predictions markets
Within those three fields, there are several types of DeFi services. A few other examples of products and use cases include funding protocols, software development tools, index
construction, subscription payment protocols, and data analysis applications. DeFi dApps may also be used for KYC
, and other identity management services.
Decentralized finance brings numerous benefits when compared to traditional financial services. Through the use of smart contracts
and distributed systems, deploying a financial application or product becomes much less complex and secure. For instance, many dApps are being developed on top of the Ethereum
blockchain, which provides reduced operational costs and lower entry barriers.
Summing up, the DeFi movement is shifting traditional financial products to the open source and decentralized world, which removes the need for intermediaries, reduces overall costs, and greatly improves security.
DeFi (Decentralized Finance) ni kifupi cha kifedha cha kugawanyika na inajumuisha mfumo wa kiuchumi unaojumuisha maombi ya kifedha ambayo yanaendelezwa juu ya blockchain, ambayo inaweza kufafanuliwa kama harakati inayotangaza matumizi ya mitandao ya kugawanyika na programu ya chanzo wazi ili kuunda aina nyingi za huduma na bidhaa za kifedha. "Kama ilivyoelezwa hapo juu, DeFi ni ""mfumo wa kifedha wa kifedha wa kifedha"" ambao hutumia mfumo wa kifedha wa kifedha wa kifedha, kama vile blockchain ya bure na peer-to-peer (P2P), ambayo inatoa huduma za kifedha za kifedha, kama vile huduma za kifedha za kifedha, kama vile huduma za kifedha za kifedha, kama vile huduma za kifedha za kifedha, na huduma za kifedha." Mifano mingine ya bidhaa na kesi za matumizi ni pamoja na itifaki za ufadhili, zana za maendeleo ya programu, ujenzi wa faharisi, itifaki za malipo ya usajili, na maombi ya uchambuzi wa data. DeFi dApps pia inaweza kutumika kwa KYC, na huduma zingine za usimamizi wa utambulisho. Fedha decentralized huleta faida nyingi wakati ikilinganishwa na huduma za jadi za kifedha. Kwa kutumia mikataba ya akili na mifumo ya kusambazwa, kupeleka programu ya kifedha au bidhaa inakuwa rahisi na salama. Kwa mfano, dApps nyingi zinatengenezwa juu ya blockchain ya Ethereum, ambayo hutoa gharama za uendeshaji zilizopunguzwa na vizuizi vya kuingia vya chini. Kwa muhtasari, harakati ya DeFi inabadilisha bidhaa za kifedha za jadi kwa chanzo wazi na ulimwengu wa kutengwa, ambayo huondoa hitaji la waingiliaji, hupunguza gharama za jumla, na kuboresha usalama.