DeFi is the world of financial tools and applications that don’t require trusted third parties. This includes decentralized exchanges, lending, insurance, etc.
Examples include Compound, Aave, Uniswap, Sushiswap, and more. DeFi could render banks and other financial institutions useless, allowing anyone to play the role of banker and taking human error and prejudice out of the financial system.
“I used Uniswap to exchange my Ethereum tokens and then Aave to lend them out.”
“You really know your way around DeFi, can you teach me?”