REPORT “DEFI – UNDERSTANDING DECENTRALIZED FINANCE”
Decentralized finance is a new area of financial market development consisting of services based on smart contracts operating without intermediaries based on the distributed ledger technology – DLT. Over the last several months, this sector has recorded a very dynamic growth, measured both by the value of capital employed and the complexity of new solutions.
The authors of the report “DeFi – understand decentralized finance” are trying to answer the question what are decentralized finance and why they can change the financial system known to us.