Distributed ledger technology (DLT) is a decentralized system that allows for secure, transparent, and tamper-proof recording of data.
DeFi is a financial system that operates on blockchain technology. It allows users to access financial services such as lending, borrowing, trading, and investing without the need for traditional financial intermediaries.
Decentralization refers to the process of distributing power and authority away from a central point or entity. In the context of technology, decentralization often involves the use of distributed ledger technology.