Bank to the Future: Decentralized Finance (DeFi) Defined

As part of its ongoing effort to raise investor awareness, the North Dakota Securities Department has issued an investor advisory discussing Decentralized Finance (DeFi), a relatively new blockchain-based set of financial products and services. The advisory explains what DeFi is, the technology behind it, how DeFi lending works, potential risks for investors, and how consumers and investors can avoid becoming a victim to a scam. 

The growing popularity of cryptocurrencies is one of the main drivers behind the development of alternative financial products, services and business opportunities that may rely on DeFi models. 

View the full Investor Advisory HERE: DeFiDefined.pdf