Ethereum is an open-source blockchain that implements smart contracts enabling digital tokens and distributed applications.

In the context of DeFi, Ethereum is the most widely used blockchain platform, with many DeFi protocols and applications being built on top of it. This allows users to access a wide range of decentralized financial services, such as lending, borrowing, trading, and other financial services that are transparent, secure, and open to anyone with an internet connection.

Overall, Ethereum provides the infrastructure that enables DeFi to exist and function, allowing users to interact with decentralized financial applications in a trustless and decentralized manner.

« Back to Glossary Index