-Defi is an umbrella term for financial services on public blockchains, primarily Ethereum
-Earn interest,borrow,lend,buy insurance, trade derivates,trade assets,and more.
-As with crypto. Defi is global,peer-to-peer and open to all.
Decentralised Exchange (DEX)
-DEX is an exchange which requires no third parties regulate transactions.
-Versatile list of functions,from order books,matching systems to security functions.
-Usually,decentralized applications (DApps)
-Each DEX is regulated by Smart Contract.