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What is Defi Crypto? - DeFi Crypto ExplainedDeFi is short for �decentralized finance,� an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared. Decentralized finance (DeFi) is an emerging model for organizing and enabling cryptocurrency-based transactions, exchanges and financial services. Blockchain-based alternatives to traditional financial services have come to be called decentralized finance, or DeFi. What is DeFi? The advent of public.