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DeFi stands for Decentralized Finance. It’s an umbrella term for a variety of financial applications in blockchain technology that aim to remove intermediaries like banks and brokers from financial transactions.

In simple terms, DeFi allows people to:

Lend and borrow money directly from others without a bank.

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Trade cryptocurrencies without using a centralized exchange.

Earn interest on crypto assets by "staking" or providing liquidity.

Buy insurance through decentralized protocols.

It’s all powered by smart contracts — self-executing contracts with the terms of the agreement directly written into code, usually on Ethereum or other blockchains.

Al-Areef Billah, a dedicated scientist embodies a relentless pursuit of knowledge