What is Defi and How Does it work?



DeFi is the Shortened version of the term “Decentralized Finance” it aims to revamp the traditional financial systems such as lending, borrowing, derivatives, and exchanges with automation in the replacement of middleman.

DeFi is an open-source and transparent financial service ecosystem it can be suitable for everyone and operate without any central authority. Users can easily interact with this ecosystem through peer-to-peer (P2P) and decentralized applications (dapps). 

“DeFi is offering you to control of your own assets”

DeFi is also known as open finance platform, it covers end to end financial services which include lending, borrowing, and trading under decentralized infrastructure such as smart contracts and immutable blockchain technology. DeFi can be combined, modified, and integrated according to your needs.

Role of Smart contract in DeFi

DeFi mainly involved in smart contracts. A smart contract is a virtual contract that is built by using the blockchain platform for immutability and security purposes. It is an agreement between one to others in the form of computer code. Terms and conditions are drawn according to the authority of people. All the information is stored in the public database once the information can store and it cannot be changed.

Using a smart contract is faster, easier, and reduce the risk for both parties, Smart contract also indicates the loan terms and it connect lenders and borrowers.

DeFi Services and solutions?

Developcoins a leading blockchain development company assuring you to provide highly innovative and immutable blockchain solutions, the team of blockchain developers have in-depth knowledge in Decentralized ecosystems, that helps to offers you the best Decentralized Finance (DeFi) services and solutions based on the client’s needs at a reasonable cost.

Our DeFi Development services and solutions which includes

  • Peer to peer lending without any centralized authority
  • Terms & Conditions followed by smart contracts
  • No fear of fund thefts
  • No middle man fees
  • No need to show identity
  • Can use collateral for the trustiness
  • Actions
  • DeFi Dapp Development services and solutions
  • DeFi Smart contract services and solutions
  • DeFi lending platform development


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