What is the DeFi in cryptocurrencies?
In the cryptocurrency market there is a rising attention to the DeFi – in the meaning of Decentralised Finance. It refers to the Ethereum based smart contracts as financial services that skips any kind of intermediaries like banks, lawyers and based on the blockchain technology instead.
From September, 2017 the total amount of locked up money in DeFi was $2.1 million USD. This value exploded to $6.9 BILLION until this years september.