Serenity Protocol

DeFi is short for “decentralised finance”, a novel financial system that operates independently and does not rely on centralised financial intermediaries like banks, credit unions or insurance funds. Instead, users have the ability to transfer, trade, invest and transact peer-to-peer using cryptocurrencies and digital assets via automated smart contracts, eliminating the need to engage with these slow and costly intermediaries. DeFi is underpinned by advanced distributed ledger technology (DLT) – or blockchain – that aims to disrupt the current financial order and allow for a more transparent and equitable financial system