The DeFi Ecosystem and Application Stack
CryptoNotes
May 31
The DeFi stack layersSettlement Layer where transactions are ultimately settledDeFi’s Layer 1 (L1)the foundation for all activities in a decentralized ecosystemthe underlying blockchain, as well as its native asset (example: Ethereum/Ether)Store information, value, and ownership securely Ensure that status changes (balances, ownership, etc) follow the blockchain’s rules Enable trustless executionAsset Layer includes all tokens used in DeFi appsrefers to both the native (L1) & non-native asset...
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