DeFi is in its infancy. It obviously stands for Decentralized Finance. Thus far, it mostly is used for yield farming.

However, the terms applies to all aspects of finance. A DEX is DeFi since it provides financial services in a decentralized manner. Then, leasing of HP on Hive is also DeFi. The fact that each account is paid "inflation" for all HP is DeFi.

Eventually, you will likely see much of the financial system's offerings done on DeFi. We could see collateralized loans, mortgages, and a host of other services done through smart contracts.

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