DeFi

American

[dee-fahy] / ˈdiˌfaɪ /

noun

decentralized finance: financial services, functions, or applications that rely on a blockchain and are typically unregulated by any financial institution.

Etymology

Origin of DeFi

First recorded in 2015–20

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

After Pratt started an email chain to introduce Terraform’s head of business development and Jane Street’s “DeFi” leaders, the parties began regularly communicating and discussing a potential Jane Street investment in Terraform, the lawsuit said.

From The Wall Street Journal

By the end of the third quarter, nearly $41 billion in loans were outstanding on DeFi platforms — anonymous peer-to-peer financial services available — the highest quarter-end level on record and up about 55% in just one quarter.

From MarketWatch

This does not reflect traditional consumer borrowing, but rather crypto holders using digital assets as collateral as DeFi credit markets grow in size and activity.

From MarketWatch

“At first they were like, ‘We’re going to be this defi protocol.’

From MarketWatch

The problem isn’t crypto legislation per se, but how the bill handles decentralized finance, or DeFi.

From Barron's

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023