DeFi-A Framework of the Automated Financial Open System

DeFi, or Decentralized Finance, is the technological distribution of financial services empowered by blockchain. This alternative market deals with similar processes of traditional finance involving the creation, management, and investment of money and financial assets. However, the fundamental difference in DeFi gravitates around the multiple financial intermediaries substituted with applications that automatize cryptoassets trade (a kind of digital assets), among other financial activities. This article explores the characteristics of DeFi and the relevant players