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DeFi

Privacy

Security Audit Crypto Wallet Smart Contract Web3

Decentralized financial protocols operating via smart contracts and on-chain assets.

Definition

DeFi refers to a set of financial protocols built on blockchain networks, enabling lending, trading, and derivatives via smart contracts without traditional intermediaries.

In plain English Decentralized financial protocols operating via smart contracts and on-chain assets.

Why this matters

Why it matters: Privacy is affected by public transaction graphs and identity linking; security depends on contract audits and key protection.

Example

Example: Automated market maker contract executes swaps based on liquidity pool formulas.