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Public, non custodial, open: what decentralized finance really is

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ServiceJourney into DeFi / 5

Not all blockchain-based applications can be considered effectively DeFi: here are the protocols that ensure effective decentralization

by Stefano Capaccioli and Marco Tullio Giordano

Despite the fact that in the last year the term DeFi has been among the most used in the intersection between the social bubbles of finance and of cryptoasset, it must be emphasized that not all applications based on blockchain technology – even among those that specifically concern financial transactions – can actually be considered forms of decentralized finance.

Likewise, not every element that contributes to the DeFi ecosystem can be considered a service, business

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