Decentralized Finance (DeFi) is a financial service based on ledgers, just like the ones used by cryptocurrencies. In the U.S., DeFi technology challenges the current centralized finance system by empowering individuals to manage their own financial exchanges via a crypto wallet. Because decentralized finance eliminates fees from banks or other financial institutions, anyone with an internet connection can use DeFi.
As a developer, building APIs that can push and pull DeFi data is a vital way to impart value to your customers. When building a DeFi API, there are a few key considerations that you should pay special attention to.