DeFi

[dee-fahy]

noun

1. decentralized finance: financial services, functions, or applications that rely on a blockchain and are typically unregulated by any financial institution.

Word History and Origins

Origin of DeFi¹

First recorded in 2015–20

Example Sentences

According to a document released by the company, the Trump family entity, DT Marks DEFI, is entitled to get 75 percent of net token revenues, suggesting this investment alone could generate a windfall worth up to $22.5 million for the Trump family.

From New York Times

“This election is pivotal because it's not just the fact that you now have two presidential candidates who are looking at this whole web3/DeFi conversation from a U.S. competitiveness space, so we're going to have a reset regardless of who wins the presidency,” said Cleve Mesidor, founder of the National Policy Network of Women of Color in Blockchain and executive director of the Blockchain Foundation.

From Salon

His latest DeFi project, World Liberty Financial, aims to promote U.S. dollar dominance through widespread adoption of dollar-pegged stablecoins in decentralized finance, according to CoinTelegraph.

From Salon

For Defi Afra, a 21-year-old first-time voter who has seen videos of Mr. Prabowo on TikTok, “He is a funny, humorous figure. He also seems nice and kind.”

From New York Times

Ms. Defi, a student in the city of Yogyakarta, said she only recently learned of Mr. Prabowo’s past on social media.

From New York Times