Quote from: ActAshton on August 24, 2020, 08:17:42 AM

"DeFi stands for decentralized finance, which is an umbrella term for digital assets and financial smart contracts, protocols, and decentralized applications. It may rightfully be defined as the movement that promotes the use of decentralized networks and open source software to create multiple types of financial services.

According to Forbes, DeFi has become a global alternative to traditional finance in the blink of an eye and currently is reimagining the way we do finance."

Let's hop on the DeFi wave. One thing I love about this new trend is that it's like ICO's have grown up and have become more responsible. Let alone, the community hypes up other businesses and brings more attention here than BTC itself, which is great. BTC always comes up in conversation when we talk about new things like DeFi.

Were there no projects with decentralized funding in the past years? There were enough of them. No one called them DeFi. In 2017 and 2018, there were just ICO's for all projects. Later, they started collecting money with the help of IEO. Now we have switched to the new term collection of investment for DeFi projects. However, the essence remains the same: the development team under the promise to create something promising raises money for the project.
In the desire to invest, I look at the prospects of the project, not whether it belongs to the DeFi or not.