{"id":56865,"date":"2026-08-19T17:00:00","date_gmt":"2026-08-19T15:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=56865"},"modified":"2026-08-06T12:40:15","modified_gmt":"2026-08-06T10:40:15","slug":"beyond-banks-defi","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/beyond-banks-defi\/","title":{"rendered":"Beyond banks: DeFi"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>Decentralized Finance, or <\/b><a href=\"https:\/\/en.wikipedia.org\/wiki\/Decentralized_finance\"><b>DeFi<\/b><\/a><b> (Decentralized Finance), is redefining the way we send money, invest, borrow, and manage our assets. Imagine being able to send money to anyone in the world in less than a minute, apply for a loan without visiting a bank branch, or invest your savings at any time, on any day of the year. Just a decade ago, this would have sounded like science fiction. Today, thanks to DeFi, many of these possibilities have already become a reality.<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">DeFi is not a new currency, nor is it designed to replace banks. Instead, it represents <\/span><b>a new way of delivering financial services by leveraging <\/b><a href=\"https:\/\/en.wikipedia.org\/wiki\/Blockchain\"><b>blockchain<\/b><\/a><b> technology<\/b><span style=\"font-weight: 400;\">. Just as the Internet revolutionized the way we share information, decentralized finance aims to do something similar with money: <\/span><b>allowing individuals and businesses to interact directly, without every transaction necessarily having to pass through a single intermediary<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>When financial services become software<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">In the traditional financial system, banks safeguard money, validate transfers, grant loans, and record every transaction. In the world of DeFi, <\/span><b>many of these functions are performed by smart contracts\u2014computer programs that automatically execute predefined instructions when specific conditions are met<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b>These contracts run on a blockchain, a shared digital ledger that enables transactions to be verified transparently and securely<\/b><span style=\"font-weight: 400;\">. The result is a financial infrastructure that operates continuously, without relying on office hours or manual processes. In this model, <\/span><b>trust is no longer placed exclusively in a financial institution but increasingly in the rules embedded within the software itself<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>The wallet: Your gateway to DeFi<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Using these services does not require opening a bank account. Instead, users need a <\/span><b>wallet, or digital wallet<\/b><span style=\"font-weight: 400;\">. More than simply a place to store cryptocurrencies, <\/span><b>a wallet serves as a user&#8217;s digital identity on the blockchain. It allows users to hold assets, authorize transactions, and connect to different decentralized protocols<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b>The key difference compared with a traditional bank account is that, in a non-custodial wallet, only the owner holds the private keys. This means users retain direct control over their assets without relying on a financial institution to manage them<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This model <\/span><b>strengthens individuals&#8217; financial sovereignty, but it also comes with greater responsibility<\/b><span style=\"font-weight: 400;\">. If the wallet&#8217;s private keys are lost, there is generally no authority capable of restoring access.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>What can you do with DeFi?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Decentralized finance goes far beyond buying and selling cryptocurrencies. <\/span><b>Today, it enables users to exchange digital assets, obtain loans by providing collateral, earn returns by supplying liquidity to other users, or send money anywhere in the world within minutes<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the most common questions is where the money being lent comes from if there is no bank behind the system. In many protocols, <\/span><b>liquidity is provided by the users themselves<\/b><span style=\"font-weight: 400;\">. In exchange for making their assets temporarily available to the protocol, they can earn a financial return, while other participants use those funds to obtain financing. <\/span><b>The entire process is managed automatically through smart contracts<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A particularly important role is played by <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Stablecoin\"><b>stablecoins<\/b><\/a><span style=\"font-weight: 400;\">, cryptocurrencies whose value is pegged to a traditional currency such as the US dollar or the euro. Assets such as <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/USDC_(cryptocurrency)\"><b>USDC<\/b><\/a><b> or EURC<\/b><span style=\"font-weight: 400;\"> allow users to operate on blockchain networks without being exposed to the price volatility of Bitcoin or Ethereum, <\/span><b>making them the primary tool for managing liquidity within the DeFi ecosystem<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Their usefulness extends well beyond investing. <\/span><b>An increasing number of payment cards are now linked to wallets, allowing users to pay at any merchant that accepts Visa or Mastercard<\/b><span style=\"font-weight: 400;\">. For the merchant, the payment is still received in euros or the local currency, while for the user, the funds can come directly from their wallet.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Beyond cryptocurrencies<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If stablecoins represent the present of DeFi, <\/span><b>asset tokenization may define its future. Tokenization consists of digitally representing real-world assets on a blockchain, including stocks, bonds, real estate, or shares in investment funds<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This process has the potential to simplify many financial operations, reduce administrative costs, and make certain investments more accessible. As a result,<\/span><b> rather than viewing DeFi as a threat, many financial institutions are already developing projects based on this technology<\/b><span style=\"font-weight: 400;\">. Some of the world&#8217;s leading banks and asset managers are experimenting with tokenized assets and blockchain-based payment systems, convinced that they can improve <\/span><b>the efficiency of a wide range of financial services<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>A transformation that has already begun<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Decentralized finance still faces significant challenges, <\/span><b>including regulation, protocol security, and user protection<\/b><span style=\"font-weight: 400;\">. Even so, its rapid evolution over recent years demonstrates that blockchain is no longer simply a technology associated with cryptocurrencies. It is increasingly <\/span><b>becoming a financial infrastructure with a growing range of real-world applications<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a few years&#8217; time, many people may use blockchain-based financial services without even realizing it. Just as we send emails today without thinking about the Internet protocols that make them possible, <\/span><b>DeFi is likely to become an invisible layer of technology supporting an ever-growing part of the global financial system<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>11Onze is Catalonia\u2019s fintech community. Open an account by downloading the El Canut app for <\/b><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.e11onze.app&amp;utm_source=emailing&amp;utm_campaign=CANUT+launch\"><b>Android<\/b><\/a><b> or <\/b><a href=\"https:\/\/apps.apple.com\/us\/app\/11onze\/id1566129237?utm_campaign=El+Canut\"><b>iOS<\/b><\/a><b>. Join the revolution.<\/b><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component cards\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-xl-8 offset-xl-2\">\n        <h1>If you would like to learn more about this topic, we recommend:<\/h1>\n        <div class=\"cards__wrapper\">\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/defi-no-central-authority-controls-them\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/05\/THUMBNAIL_FINANCES_DESCENTRALITZADES.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Finances<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>DeFi: \u201cNo central authority controls them\u201d<\/strong><\/p>\n              <span class=\"card-time\">5 min read<\/span>\n              <p class=\"card-text small\">New technologies have entered the financial sector with&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/what-eu-digital-identity-wallet-be-like-11onze\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2023\/11\/THUMBNAIL_Digital_Wallet-768x512.png\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Finances<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>What will the EU Digital Identity Wallet be like?<\/strong><\/p>\n              <span class=\"card-time\">5 min read<\/span>\n              <p class=\"card-text small\">The Digital Identity Regulation recently adopted by&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/udpn-cross-border-payments-stablecoins\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2023\/01\/THUMBNAIL_DAVOS.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Finances<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>UDPN: cross-border payments for stablecoins<\/strong><\/p>\n              <span class=\"card-time\">5 min read<\/span>\n              <p class=\"card-text small\">Una empresa xinesa va presentar a Davos l\u2019Universal&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n              <\/div>\n              <br>\n              <br>\n              <div class=\"cards__wrapper\">\n\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":56864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[20],"class_list":["post-56865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-finances"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - 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