Decentralized Finance Fairness

Definition ∞ Decentralized Finance fairness refers to the equitable treatment of all participants within DeFi protocols, ensuring transparent and unbiased access to financial services and opportunities. This concept strives to minimize advantages gained through preferential transaction ordering, information asymmetries, or concentrated control. It seeks to uphold the principles of open access and equal opportunity inherent in decentralized systems. Achieving this state is a core objective for many DeFi projects.
Context ∞ The conversation regarding Decentralized Finance fairness frequently addresses issues like Maximal Extractable Value (MEV), front-running, and the concentration of governance power. Efforts to improve fairness often involve protocol design adjustments, such as fair ordering mechanisms and decentralized governance models. Ensuring equitable access and outcomes remains a significant challenge and a primary area of focus for the DeFi community.