DeFi: A Transparent Decentralised Finance Movement

25 Aug 2020 — As part of my “Setting the Record Straight” series of posts on LinkedIn, today’s topic will be focussing on DeFi.

Well in short, DeFi is a transparent decentralised finance movement that aims to recreate traditional financial systems (such as lending, borrowing, derivatives, and exchange) with automation in place of middlemen, that ultimately becoming a trustless system.

Incidentally, the Indonesia Blockchain Week (IBW) 2020’s theme for this year, is ‘decentralized finance’ #DeFi and the opening ceremony was hosted completely online on 18 Aug, with more than 2500 Indonesians and people from all over the world tuning in. Seen in attendance included, Tokocrypto CEO Pang Xue Kai, Binance CEO Changpeng Zhao (CZ), Swipe CEO Joselito Lizarondo and TRON Foundation CEO Justin Sun.

Organized by Tokocrypto Digital Exchange the event is free and open to the public, and will run through Aug 27. To register, please visit

The event is cohosted by Binance and supported by SwipeSynthetixAaveTezos FoundationSwitcheo NetworkKyber Network Trust WalletWaves TechCoinMarketCapHarmony and Bidao®

I have also included an awesome introductory video on DeFi by Chris B., which is clear and simple to understand. Enjoy!

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