Six Main Components of The DeFi Ecosystem
Published in
7 min readOct 4, 2021
What is Decentralized Finance (DeFi)?
DeFi is a form of finance that is Blockchain-based. It utilizes smart contracts (a self-executing computer program built on Blockchain) to perform transactions instead of relying on a central financial institution. DeFi aims to create a new financial ecosystem that is accessible to everyone and doesn’t require trust in third…