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What is another word for DEFI?

Pronunciation: [dɪfˈi] (IPA)

DEFI, short for decentralized finance, has become an integral part of the world of cryptocurrencies and blockchain. It essentially refers to the creation of financial applications using decentralized technology. There are several synonyms for DEFI that encapsulate its essence. P2P finance, open finance, and crypto finance are some of the most widely used terms. Open finance refers to the access and use of traditional financial products and services using decentralized technology. P2P finance, on the other hand, highlights the elimination of intermediaries like banks or financial institutions, bringing users closer together. Finally, crypto finance emphasizes the role of digital currencies in the provision of financial products and services.
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What are the hypernyms for Defi?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    fintech, Mobile payments, crypto-finance, financial technology, payment systems.

Usage examples for Defi

Hence it came about that the Chancellor of the Exchequer stood in the Mansion House on a certain momentous day and hurled the DEFI at the War Lord.
"The War After the War"
Isaac Frederick Marcosson
Take another Lesson to-morrow morning and then publish your DEFI in the afternoon."
"Ade's Fables"
George Ade
Wherever they could induce him to go, they dragged Laramie-at once as an exhibit and a DEFI; but Laramie objected to the thoroughness with which his companions essayed to cover the territory, and unfeelingly withdrew from the party to go to bed.
"Laramie Holds the Range"
Frank H. Spearman

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