Banking without banks
DeFi is like having a bank that's open 24/7, doesn't require ID, pays you interest directly, and never closes for holidays. It's banking without banks, finance without financial institutions.
“Welcome to the DeFi bank! No paperwork, no waiting in line, no minimum balance. Just connect your wallet and start earning, lending, and trading instantly.”
Traditional banks act as intermediaries - they hold your money and control access to financial services. DeFi eliminates these intermediaries using smart contracts, making finance more open, transparent, and accessible to everyone.
DeFi applications are like financial legos - they can be combined and built upon each other. Here are the main building blocks:
Earn interest by lending your crypto or borrow against your collateral without credit checks or paperwork.
Trade cryptocurrencies directly from your wallet without giving up custody of your funds.
What does DeFi stand for?