![DeFi image of buildings in the metaverse](https://www.forbes.com.au/wp-content/uploads/2022/09/DeFi_image_supplied_by_Heidi_Cuthbert.jpg?w=1600)
What on earth is DeFi and how scared are the banks?
DeFi is an umbrella term for a variety of financial applications in cryptocurrency, or blockchain, geared toward disrupting financial intermediaries.
DeFi is an umbrella term for a variety of financial applications in cryptocurrency, or blockchain, geared toward disrupting financial intermediaries.