The concept of blockchain based finance, also known as decentralized finance or DeFi is a relatively young phenomenon. However, the DeFi market has grown significantly, if not exponentially over the last couple of years. The ability to issue tokens, program smart contracts and increase financial inclusion offers enormous potential for markets and their participants. On the contrary, intermediaries like banks and financial service providers might see their business case in danger.
DeFi is a technology here to stay, so as 2021 unrolls, we would like to use this opportunity to give an introduction to DeFi and address recent developments in the ecosystem.