Cryptocurrency Q&A What is the first DeFi?

What is the first DeFi?

CryptoEagle CryptoEagle Sun Nov 03 2024 | 5 answers 1157
I want to know which project or initiative can be considered as the very first DeFi in the crypto or blockchain industry. I'm looking for the originator or pioneer in this decentralized finance space. What is the first DeFi?

5 answers

EnchantedDreams EnchantedDreams Tue Nov 05 2024
MakerDAO was established in 2015 by RUNE Christensen.

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Lucia Lucia Tue Nov 05 2024
It focuses on developing technology for savings, borrowing, and lending.

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CryptoLodestar CryptoLodestar Mon Nov 04 2024
MakerDAO also aims to create a stable cryptocurrency.

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Claudio Claudio Mon Nov 04 2024
This project operates on the Ethereum blockchain.

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SkyWalkerEcho SkyWalkerEcho Mon Nov 04 2024
MakerDAO was one of the pioneering DeFi protocols.

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