boby
@bobymancer
What is decentralized finance (DeFi)? Decentralized Finance, commonly referred to as DeFi, is a broad term for financial services and products that are built on blockchain technology, aiming to replicate and improve upon traditional financial systems like banks, lending platforms, and exchanges. Unlike traditional finance, DeFi operates without intermediaries like banks or brokers, instead relying on smart contracts on blockchains (primarily Ethereum) to execute transactions.
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