Refind
a16z

Key takeaways from Decentralized Finance: What It Is, Why It Matters

DeFi’s two foundational qualities — permissionless-ness and transparency — translate to multiple, powerful use cases. Open at source

380
Reader View
Made me smarter
Read later
Edit
Most highlighted
decentralized finance aka “DeFi,” the ecosystem of blockchain-enabled products and services that replace traditional financial intermediaries with freely accessible, autonomous, and transparent software. 
While it’s still early days for DeFi (just a couple years in), its associated economy is already large and consequential: Ethereum, the backend infrastructure for DeFi, settled about $1.5 trillion in transactions last quarter, or 50% of Visa’s payment volume; decentralized money markets are issuing billions of dollars worth of loans every month
Your notes & highlights

  Save highlights in Reader View or with our Chrome extension.

This your link? Claim it

Made for busy people.
About RefindDeep DivesTopicsHashtagsHelpLegal
CreatorsCuratorsDevelopersPublishersSponsorsEducation
© 2021 Refind Inc.
Apple App StoreGoogle Play StoreChrome Web Store