What’s Defi and Is It Worth It? Decentralized Finance Explained

What’s Defi and Is It Worth It? Decentralized Finance Explained
Cryptocurrencies are products of the decentralized economics, which is based on blockchain technology. Shutterstock
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In a world where centralized finance is struggling, decentralized economics is taking the reins. Also known as DeFi, this exciting new development is made up of a variety of applications that run on top of blockchain technology.

These applications aim to take control away from third-party intermediaries and put it back into the hands of users. In this way, DeFi could help to solve poignant problems that have arisen in traditional finance. But what is DeFi crypto? And is it worth your time? (especially amid the crypto craze when everyone seems to invest in such projects).
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