什么是 DeFi
DeFi stands for Decentralized Finance. We will hear more and more about decentralized finance/finance, distributed finance/finance, and programmable finance/finance, which can all be equivalent to DeFi.
DeFi has several outstanding features:
Based on blockchain technology
Personal control of assets/property
Settlement is done in real time through smart contracts
Reduce the cost of trust between individuals by minimizing dependence on trust
Then constructing the entire DeFi ecosystem is not an easy task, and requires the cooperation of various project parties
DeFi Network has put forward several core principles of DeFi.
Core principles
The product is open source and has good interoperability
Taking interoperability into consideration when building products can enhance the compounding effect of each product together. While open source enhances product transparency and credibility, it also facilitates mutual understanding of how products can be intertwined at the technical level.
Accessibility and financial/financial inclusiveness
DeFi is committed to creating a financial/financial system that anyone can access as long as they have an Internet connection. We believe that a world where values flow freely should not be restricted by one's location.
Financial transparency
Financial services should not be built in opaque islands, but should provide market-level information transparently to all participants while protecting personal privacy.
What is the difference between DeFi and FinTech
In general, FinTech is rooted in a set of GL and trust mechanisms, while DeFi will greatly reduce its reliance on trust mechanisms.
The software systems used by FinTech are all privately owned by a certain company, and the operating environment is a fully trusted environment controlled by individuals. All related transactions/transactions and clearing and settlement are not protected by irrevocability, and the final judgment of the operation result depends on a trust system behind it, not the code itself.
The software systems used by DeFi are all open source. Whether it is BTB or Lightning Network, or through Ethereum smart contracts, the execution of the core logic is cryptographically protected and irrevocable. The execution process is on a trustless blockchain network, and the execution result does not need to trust the system. Intervention.
How to understand Trust-based and Trust-minimised. For Trusted-based things, if you want to do things through it, you must trust it and the organization behind it. There is no choice. It is an HX for you. For Trust-minimised things, you can distrust the organization behind it at all, or you can distrust it, and you can verify and review it in any way. It is completely open to you.