DeFi means DeFi Ventures Inc., a company incorporated under the BCBCA, that was amalgamated with the Subco pursuant to the Transaction to form WonderFi Digital Inc., which now operates the business of DeFi;
DeFi means decentralized finance, a term used to describe blockchain-based technologies that can be used to facilitate financial operations with cryptocurrencies such as exchanging.
DeFi means decentralized finance protocols such as Uniswap, Aave, Curve or Synthetix.
More Definitions of DeFi
DeFi or decentralized finance, refers to financial activities that take place on the blockchain directly between individuals or between an individual and a smart contract protocol without the restrictions imposed by a central authority.
DeFi means DeFi Ventures Inc., a corporation existing under the laws of British Columbia;
DeFi means Decentralized Finance,
DeFi means DeFi Ventures Inc., a corporation existing under the BCBCA.
DeFi has the meaning set out in the recitals hereof;
DeFi or “Decentralized Finance” means a set of newly emerging financial products and services that operate in a decentralized manner using Blockchains to record and share data. DeFi products and services are conducted without a trusted central intermediary such as a bank or a broker. This is easy to say, but in practice the edges of this defined term are not always clear. In our traditional financial system, we look to traditional financial institutions – banks, brokers, insurers, venture capitalists and a myriad of others – to facilitate our needs for savings, investments, risk management and transfers. These institutions are organized as traditional limited liability organizations (corporations, limited partnerships, LLCs) where investors (shareholders, partners) delegate management authority to boards (directors, managers), which in turn delegate execution authority to others (officers, agents) to accomplish their financial intermediation functions. These structures are centralized, and necessarily require investors/customers/clients to trust them. Oversight by government agencies also is intended to enhance trust and confidence (trust AND verify). This traditional financial system is often distinguished from “DeFi” by using the labels “CeFi” (centralized finance) or “TradFi” (traditional finance). DeFi products and services are similar to those offered by CeFi institutions, but as opposed to transactions being executed by employees, agents and computers owned by the CeFi institutions, the DeFi transactions are conducted through the use of Smart Contract capacity on Blockchains like Ethereum, Avalanche and Solana. Smart Contracts are programmed to create decentralized applications (dApps) that allow Blockchain participants to engage in financial service transactions on a peer-to-peer basis. Crypto advocates often assert that such DeFi transactions are therefore “trustless.” These advocates often blame events like the collapse of FTX on fact that FTX was a CeFi enterprise conducting Crypto transactions, and assert that pure peer-to-peer DeFi transactions would not be subject to such risks. Crypto skeptics often respond that DeFi is subject to many risks such as negligent or even intentionally bad coding, hacks, and uncertain legal system risks, among others (trust in platform as opposed to trust in institution). And further that it is often unclear whether specific persons (founders, developers, owners, consumers, persons offering a user-friendly website for ...
DeFi means DeFi Ventures Inc., a company incorporated under the BCBCA, that was amalgamated with the Subco pursuant to the Transaction to form WonderFi Digital Inc.;