{"id":11373,"date":"2024-04-22T09:55:26","date_gmt":"2024-04-22T09:55:26","guid":{"rendered":"https:\/\/www.sos.cryptobel.be\/docs\/what-is-decentralized-finance-defi\/"},"modified":"2024-11-25T11:38:23","modified_gmt":"2024-11-25T11:38:23","slug":"what-is-decentralized-finance-defi","status":"publish","type":"docs","link":"https:\/\/www.sos.cryptobel.be\/en\/docs\/faq-web3\/decentralized-finance-defi\/introduction-to-defi\/what-is-decentralized-finance-defi\/","title":{"rendered":"What is decentralized finance (DeFi)?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Decentralized finance (DeFi) represents an ecosystem of financial services operating on blockchain<\/strong>, eliminating the need for traditional intermediaries. This revolution is based on the <strong>transparency and automation of transactions thanks to smart contracts<\/strong> (autonomous software), offering <strong>decentralized alternatives to conventional financial services.<\/strong> <\/p>\n\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"936\" height=\"412\" src=\"https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-3.png\" alt=\"\" class=\"wp-image-9919\" style=\"width:950px;height:auto\" srcset=\"https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-3.png 936w, https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-3-300x132.png 300w, https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-3-768x338.png 768w, https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-3-20x9.png 20w, https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-3-32x14.png 32w\" sizes=\"(max-width: 936px) 100vw, 936px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Decentralized finance (DeFi) represents an ecosystem of financial services operating on blockchain, eliminating the need for traditional intermediaries. This revolution is based on the transparency and automation of transactions thanks to smart contracts (autonomous software), offering decentralized alternatives to conventional financial services.<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":11380,"menu_order":36,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-11373","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is decentralized finance (DeFi)? - SOS Cryptobel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sos.cryptobel.be\/en\/docs\/faq-web3\/decentralized-finance-defi\/introduction-to-defi\/what-is-decentralized-finance-defi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is decentralized finance (DeFi)? - SOS Cryptobel\" \/>\n<meta property=\"og:description\" content=\"Decentralized finance (DeFi) represents an ecosystem of financial services operating on blockchain, eliminating the need for traditional intermediaries. 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