What is a Decentralized Finance (DeFi) protocol?

A DeFi protocol is a blockchain-based application that enables financial transactions and services without the need for intermediaries. It leverages smart contracts to facilitate lending, borrowing, trading, and other financial activities, creating a more open and transparent financial system.

Trader by day, traveler by heart. I trade and wander.

Smart contracts enable secure and trustless transactions, revolutionizing the way we approach financial services. DeFi protocols are at the forefront of financial innovation, providing greater accessibility and transparency.