{"id":8525,"date":"2022-09-28T18:41:56","date_gmt":"2022-09-28T18:41:56","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=8525"},"modified":"2022-09-28T18:41:56","modified_gmt":"2022-09-28T18:41:56","slug":"what-does-defi-stand-for-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/09\/28\/what-does-defi-stand-for-in-cryptocurrency\/","title":{"rendered":"What does DEFi stand for in cryptocurrency?"},"content":{"rendered":"\n<p>DEFI stands for decentralised finance and is a catch-all for a range of blockchain-based financial services automated by Smart Contracts and delivered through digital applications (dApps) that users can connect directly to without any formal vetting process.<\/p>\n\n\n\n<p>According to DefiLama, over $200bn of cryptocurrency is currently locked in DEFI applications with over half of that accounted for by the Ethereum blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEFI stands for decentralised finance and is a catch-all for a range of blockchain-based financial services automated by Smart Contracts and delivered through digital applications (dApps) that users can connect directly to without any formal vetting process. According to DefiLama, over $200bn of cryptocurrency is currently locked in DEFI applications with over half of that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[594],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8525"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8525"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8525\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}