finance, often known as DeFi, is a that allows financial products to be made available on a public .

As a result, instead of passing via intermediaries like or brokerages, they are available to everybody.

Unlike a bank or brokerage account, DeFi does not require a -issued ID, Social Security number, or proof of address.

DeFi is a in which developed on blockchains allows buyers, sellers, lenders, and borrowers to communicate peer to peer or with a solely -based intermediary rather than a firm or organization completing a transaction.