DeFi : a framework of the automated financial system

Abstract

Decentralized Finance, or DeFi, is the technological distribution of financial services empowered by blockchain. This alternative market deals with processes similar to traditional finance involving the creation, management, and investment of money and financial assets. However, the fundamental difference in DeFi gravitates around the multiple financial intermediaries substituted with applications that automatize cryptoassets trade (a kind of digital assets), among other financial activities. This Article explores the characteristics of DeFi and the relevant players.