What Is Decentralized Finance (DeFi)?

Decentralized finance often called DeFi or open finance refers to the economic paradigm shift enabled by decentralized technologies, particularly blockchain networks. From peer-to-peer payment systems to automated loans to USD-pegged stablecoins, DeFi has emerged as one of the most active sectors in the blockchain space, with a range of use cases for developers, individuals, and institutions.

What Are the Benefits of Decentralized Finance?

Programmability

Highly programmable smart contracts automate execution and enable the creation of new financial instruments and digital assets.

Immutability

Tamper-proof data coordination across a blockchain’s decentralized architecture increases security and auditability.

Interoperability

Ethereum’s composable software stack ensures that DeFi protocols and applications are built to integrate and complement one another.

I will also be talking about Aeternity

æternity blockchain is an Erlang-based scalable smart contract platform engineered by programming pioneers to address some of the most fundamental challenges native to earlier blockchains. By redesigning blockchain technology at the protocol level, the æternity developer community has enabled the core protocol to understand and integrate a rich set of functionalities out of the box.

So with this æternity can perform and execute smart contracts and enable creation of many financial institutions

It can also connect real-world data from the Internet with the blockchain-at soft real-time.

Defi use cases can be implemented using the æternity Blockchain