{"id":1515,"date":"2020-09-18T15:08:57","date_gmt":"2020-09-18T15:08:57","guid":{"rendered":"https:\/\/de.fi\/blog\/?p=1515"},"modified":"2023-07-17T16:55:10","modified_gmt":"2023-07-17T16:55:10","slug":"what-is-defi-1b2a45813851","status":"publish","type":"post","link":"https:\/\/de.fi\/blog\/what-is-defi-1b2a45813851","title":{"rendered":"Simple Explainer: DeFi"},"content":{"rendered":"<p>DeFi \u2014 decentralized finances \u2014 is a set of new financial tools based on the decentralized systems and networks. The main goal of this new sphere is to create a new financial system, trustless and independent from centralized government. Such technologies as cryptography and blockchain provide perfect opportunities to bring that vision to life.<\/p>\n<p>Read our full guide for a comprehensive look at: <a href=\"https:\/\/de.fi\/blog\/why-decentralized-finance-matters-and-why-you-should-know-about-it-78fb807eb742\">What is DeFi<\/a>?<\/p>\n<p>If you are looking to explore DeFi, De.Fi offers the industry\u2019s best <a href=\"https:\/\/de.fi\/\">DeFi portfolio tracker<\/a>.<\/p>\n<p>You might be interested to also see the following guides:<\/p>\n<ul>\n<li><a href=\"https:\/\/dedotfi-guides.medium.com\/introducing-defi-yield-50dd54b869d3\">Introducing De.Fi<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/what-is-defi-1b2a45813851\">What is DeFi?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/what-are-pools-2aa3c0825259\">What are pools?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/what-to-consider-before-farming-yield-cd18af1de724\">What to consider before farming yield?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/what-is-yield-farming-d20581814901\">What is yield farming?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/what-is-total-value-locked-tvl-583d85ad8ba2\">What is Total Value Locked (TVL)?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/what-is-the-annual-percentage-yield-apy-d485120e52c3\">What Is the Annual Percentage Yield (APY)?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/the-rewards-paid-out-by-any-of-the-various-defi-applications-for-joining-pools-and-becoming-a-b6ae77080070\">What is liquidity mining?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/what-is-composability-10b0e3c4cbb\">What is composability?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/stablecoins-are-digital-assets-pegged-to-the-value-of-fiat-currencies-like-the-dollar-or-the-euro-a885fb41b612\">What is a stablecoin?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/what-is-a-liquidity-provider-742d471ad4d2\">What is a liquidity provider?<\/a><\/li>\n<li><a href=\"https:\/\/de.fi\/blog\/what-are-the-potential-use-cases-for-defi-c353b8fef235\">What are the potential use cases for DeFi?<\/a><\/li>\n<li><a href=\"https:\/\/dedotfi-guides.medium.com\/how-to-avoid-getting-rekt-with-yield-farming-7e558ce08ea1\">How to avoid getting Rekt with Yield Farming<\/a><\/li>\n<li><a href=\"https:\/\/dedotfi-guides.medium.com\/why-impermanent-loss-calculators-are-wrong-and-how-to-avoid-incorrect-assessment-of-the-money-waste-d349607706fc\">Why Are You Miscalculating Your Impermanent Loss And How To Stop Doing It<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/t.me\/DeDotFi\">Join the De.Fi Telegram channel<\/a><a href=\"https:\/\/blog.defiyield.app\/\"><br \/>\n<\/a><a href=\"https:\/\/twitter.com\/DeDotFi\">Follow De.Fi on Twitter<\/a><a href=\"https:\/\/blog.defiyield.app\/\"><br \/>\n<\/a><a href=\"https:\/\/de.fi\/blog\/\">Read the De.Fi guides on Medium<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DeFi \u2014 decentralized finances \u2014 is a set of new financial tools based on the decentralized systems and networks<\/p>\n","protected":false},"author":3,"featured_media":3746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[31],"class_list":["post-1515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-what-is"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simple Explainer: DeFi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/de.fi\/blog\/what-is-defi-1b2a45813851\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simple Explainer: DeFi\" \/>\n<meta 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