What does "DeFi" mean? Do you have examples?
General knowledge · no case data used
Generated explanation

Decentralised finance covers financial services run by public smart contracts rather than an institution. There is no account opening step and no intermediary holding the assets, so the contract itself enforces the terms.

For a compliance review this matters because activity leaves an on-chain record but usually no customer identity, so counterparties are often inferred from behaviour.

Common categories
01Decentralised exchangesSwap one asset for another against a pooled reserve instead of an order book.
02Lending protocolsDeposit assets to earn yield, or borrow against collateral held by the contract.
03Staking and liquid stakingCommit assets to secure a network in exchange for rewards.
04BridgesMove value between chains, which breaks a single-chain trace and needs separate evidence.

This answer did not read case t2025l0222. It has no sources, because nothing was retrieved from the report.

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