This year we once again want to brighten up the Advent season for our readers with an Advent calendar. In a slightly different form, each door contains a “knowledge bomb” that will be supplemented with a special prize on Christmas Day.
The term “DeFi” is hidden behind the fifth door. To enter the competition on the 24th, simply take part in the surveys and like the respective Twitter posts.
DeFi
Decentralized finance is a subfield of the crypto sector. It is – as the name suggests – a decentralized structure of various financial services. They appear fundamentally in the form of dApps (decentralized apps) and have a wide range of applications. This includes lending, trading of a wide variety of financial products, derivatives trading and much more. All this is provided through the architecture of the blockchain without third parties.
Once again this year there was a lot of hype around DeFi. Not only in Europe but also in America, stronger regulations were demanded by traditional financial/regulatory institutions. Customers were said to be unprotected against the dangers of the sector – which had been hit by various high-profile hacks. Despite all this, large institutions (JP Morgan, Jane Street Capital or the SNB) ventured into the field, which is still unexplored by traditional players and offers numerous untapped opportunities.
