It refers to rebuilding the ecosystem of agreements, platforms, applications and tools of traditional financial products outside the traditional financial system. DeFi solutions are not provided by banks, but are built using open source software and uncensored networks. Therefore, DeFi products are essentially transparent and open to anyone who can connect to the Internet.

2. Digital electronic control fuel injection.

It is an advanced fuel injection device used in carburetor-free gasoline engines. Electronically controlled gasoline injection technology was popularized from gasoline engines. In the process of gasoline engine mixture formation, the atomization of liquid fuel is improved, and more importantly, the injection quantity can be accurately controlled according to the change of working conditions, so that the combustion will be more sufficient, thus improving power, reducing fuel consumption and meeting the requirements of emission regulations.

Related content introduction:

The growth value of DeFi oil field exceeds 675 million dollars, which is locked in DeFi agreement. In the past 12 months, many people have been paying attention to the development of this field. DeFi is becoming a parallel financial system coexisting with traditional central banks, Santander Bank, Deutsche Bank and pension funds.

Almost all DeFi solutions are built on Ethereum, which is an open blockchain platform and does the best in developing and activating users.

DeFi solution is supported by blockchain technology and uses the most powerful function of this technology: programmable digital assets, such as Bitcoin (BTC) and Ethereum (ETH). These digital assets have monetary value, mainly because of their value storage characteristics. Because these assets are programmable, we can lock them in smart contracts as collateral (similar to mortgages).