Decentralised Finance (DeFi)
German: Dezentrale Finanzanwendungen (DeFi)
Financial services provided by smart contracts rather than intermediaries, typically lending, exchange and derivatives, with no authorised operator and no client relationship.
Why people look this up
Professionals want the functional map and the regulatory status, not an introduction to crypto.
Auf Deutsch
Dezentrale Finanzanwendungen (DeFi) — Finanzdienstleistungen, die durch Smart Contracts statt durch Intermediäre erbracht werden, überwiegend Kreditvergabe, Tausch und Derivate, ohne zugelassenen Betreiber und ohne Kundenbeziehung.
Related terms
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.