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Definition: DeFi

(DEcentralized FInance) Processing financial transactions on the Ethereum network. Also called the "decentralized Web" and "Web 3.0," DeFi allows users to buy, sell, trade, lend and borrow financial assets on a blockchain-based network without a middleman such as a bank or brokerage. See Bitcoin vs. Ethereum, DeFi lending, decentralized exchange and crypto glossary.

All About DeFi
An excellent book describing the history and ramifications of decentralized finance. Written by the staff at DeFiYield.app, "The Wall Street Era Is Over" is a must-read to catch up on this dynamic industry.