Lila Documentation
  • Getting started with Cryptocurrency
    • What is Decentralized Finance?
    • Getting a Crypto Wallet
    • Adding Funds to your Wallet
  • How to use Lila Finance
    • The Market
    • Portfolio
    • Interest Rates
    • Trading/Exiting a Position
    • Security and Risks
  • Story of Lila
    • Summary
    • Benefits
    • Roadmap
    • About the Team
    • Contact Us
  • Technicals
    • How It Works
    • Whitepaper
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  1. Getting started with Cryptocurrency

What is Decentralized Finance?

Decentralized Finance (DeFi) is simply finance on the blockchain. Instead of going through a bank, brokerage, or investment manager, all of whom take fees, DeFi allows you to interact with financial services with much greater autonomy. DeFi eliminates intermediaries and reduces transaction times.

NextGetting a Crypto Wallet

Last updated 1 year ago

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