Terenval Crypto Glossary · Русская версия
DeFi
Definition: DeFi, or decentralized finance, is a category of blockchain applications that provide financial functions such as exchange, lending, borrowing or liquidity through smart contracts.
DeFi services can reduce dependence on centralized intermediaries, but they introduce smart-contract, liquidity, oracle, governance and user-signing risks.
How this concept appears in Terenval Wallet
Terenval Wallet can be used as a non-custodial signing wallet with compatible DeFi dApps through WalletConnect on supported networks.
Important: DeFi yield or liquidity positions are separate from ordinary wallet balances and can expose assets to protocol-specific risks.
Try Terenval Wallet
A non-custodial mobile wallet with WalletConnect for compatible dApps.
Install Terenval WalletA non-custodial mobile wallet with WalletConnect for compatible dApps.
Related terms
Related Terenval Answers
- How to Secure a Non-Custodial Crypto Wallet
- How to Send Crypto Safely Between Wallets
- Can One Crypto Wallet Manage Multiple Blockchains?
Sources and review
Terenval product statements are first-party information.