Understanding DeFi: The Future of Decentralized Finance

Decentralized Finance, or DeFi, has emerged as the one of the most transformative and widely-anticipated developments in the blockchain and cryptocurrency industry over the last few years. DeFi is a set of financial services, made up of things like lending, borrowing, insurance, and trading, that are being recreated, often inefficiently or creakily, on new public digital ledgers,…