DeFi

What is DeFi?

DeFi, short for Decentralized Finance, refers to financial applications built on blockchain technology. Unlike traditional finance, DeFi applications operate without intermediaries like banks or brokers, leveraging smart contracts to automate processes and create peer-to-peer transactions. DeFi offers a range of services, including lending, borrowing, trading, and investing, typically using cryptocurrencies. Examples include decentralized exchanges (DEXs) that allow users to trade crypto without centralized control, and lending protocols that enable users to lend and borrow cryptocurrencies with transparent and automated processes.

Q&A

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