DeFi

DeFi is the acronym for "Decentralized Finance" or "Decentralized Finance" in English. It is a set of applications, protocols and financial platforms built on the blockchain, usually on the Ethereum blockchain, which aim to offer financial services in a decentralized way, without the need for traditional intermediaries, such as banks or financial institutions.

Sonica's goal with DeFi is to create a financial system that is open, transparent and accessible to anyone, regardless of their geographic location or socioeconomic status.

It allows users to have direct control over their financial assets, transact, lend, borrow, invest and engage in other financial activities, all through smart contracts running on a blockchain.