ARIES FINANCIAL
English
English
  • What is ARIES FINANCIAL?
  • What is DeFi?
  • Aries Community
  • FAQ
  • Prerequisites
    • How to set-up Metamask for Binance Smart Chain (BSC)
    • Set-up for Binance Smart Chain
      • How to buy BNB on Binance and how to send BNB to your Metamask
      • How to add AFIB token on Metamask
      • How to set-up Metamask for Binance Smart Chain (BSC)
    • How to add a Custom token to Metamask
    • Requirements for Farming
    • AFI Token and afiTokens
  • Tokenomics
    • $AFIB token
    • $AFIX token
  • Usage
    • V1 on ETH
      • Governance
        • How to get started governance
      • Staking
        • How to stake LP tokens
      • Farming
        • How to deposit stable coins in farming
      • AFI Club
      • Prediction Market
      • Options Trading
      • AFI Tree
    • V2 on BSC
      • Zap
      • How to migrate stable coin
      • How to get LP_tokens on Pancakeswap
        • How to buy tokens on Pancakeswap
        • How to add liquidty on Pancakeswap
        • How to deposit LP_tokens on ARIES FINANCIAL
    • Binary Options V2
      • Better
        • Trading Logs (Active) & Fees
      • Pooler
    • Fees
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What is DeFi?

Decentralized Finance

PreviousWhat is ARIES FINANCIAL?NextAries Community

Last updated 4 years ago

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Decentralized Finance, (DeFI) is a highly transparent, open, peer-to-peer financial system that allows anyone to participate.

DeFi consists of applications for lending, borrowing, asset exchange and “mining” built with open source programming. It enables anyone in the world with an internet connection to participate and achieves a substantial reduction in handling fees and charges while achieving higher interest rates and fairness.

Its provides a way for those without access to traditional financial services access to financial services. Most DeFi applications use the Ethereum blockchain, combining smart contracts to realize the functions of decentralized lending and asset exchange.