Decentralized Finance: What It Is, Why It Matters

There’s been a lot of hype, buzz, skepticism, confusion, and excitement around decentralized finance aka “DeFi,” the ecosystem of blockchain-enabled products and services that replace traditional financial intermediaries with freely accessible, autonomous, and transparent software.

https://future.a16z.com/cryptos-fourth-wave-defi-poised-for-breakthrough/?ref=refind