CTO Soufiane Hajazi has extensive knowledge and experience in Web3 technologies. He is dedicated to helping people understand how decentralized, blockchain-based financial apps can make their lives easier in practical ways through trustworthy content, simple language, and intuitive design.
His passion is to help others while paving the way for the next generation as a Web3 speaker in North Africa. He believes in using the blockchain to make people trust each other again and share value online to prosper and grow.
DeFi refers to a wide range of financial products and services that are built on blockchain technology and regulated by decentralized communities. Borrowing and lending, payments, money issuance, insurance, trading, and asset management are examples of decentralized services. Other examples include automated market makers (AMMs), staking programs, and yield farming.It has been argued that Bitcoin was the first DeFi use case since it was designed as a peer-to-peer (P2P), decentralized money system. Bitcoin, however, has emerged as a compelling store of value (SOV) more so than a means of exchange as other blockchain networks have become more established.
Conversely, DeFi tokens and applications enable users to do more with their holdings than sending value from one address to another. The term DeFi was coined in the summer of 2018 during a Telegram chat between Ethereum developers and entrepreneurs who wanted to name the movement of open financial applications built on Ethereum.
As the DeFi field grows and becomes a staple of our lives, much like the internet itself, no one should be left behind because of their level of technical ability, geographic location, or background.