What is Decentralized Finance?
On the blockchain, its possible to run programs that are secured by the blockchain. These programs are commonly known as “Smart Contracts”. Smart contracts are powerful because they let you do really valuable things like store and process assets and money but without the dependancy of others. Decentralized finance is a term for smart contracts that let you carry out financial operations on the blockchain such as investing, lending or compounding. Nova is part of this Decentralised Finance community. Because everyone in the Decentralised Finance community builds using smart contracts, it's easy to connect up lots of financial operations because everyone is using similar standards. Ultimately, this means that for you as the user, you have more flexibility, control and less dependancy on others to maintain and grow your assets.