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Self-paying loans and the magic of Alchemix
(threebody.capital)
Decentralized Finance (DeFi) is an ecosystem of cryptocurrencies and protocols providing access to financial services such as borrowing and lending in a non-custodial, permissionless manner. It democratizes finance by replacing centralized gatekeepers and intermediaries with peer-to-peer, distributed, open source software that anyone with an internet-connected device can use.