DeFi (Decentralized Finance)

What is DeFi?

DeFi, or Decentralized Finance, refers to financial applications built on blockchain technology. Unlike traditional finance, DeFi operates without intermediaries like banks or brokers. Smart contracts automate transactions, and users interact directly with the system. This promises greater transparency, accessibility, and potentially lower costs. Common DeFi applications include lending, borrowing, trading, and yield farming.

Q&A

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