Farcaster

Warpcast

First of all, what is DeFi?
DeFi refers to a ecosystem of financial applications built on blockchain networks (primarily Ethereum) that enable users to lend, borrow, trade, earn interest, and more—all without relying on centralized institutions. These applications are powered by smart contracts, which are self-executing agreements coded on the blockchain.

Below are the key Features of DeFi

1. Permissionless Access: Anyone with an internet connection and a crypto wallet can access DeFi platforms, regardless of location or financial status.

2. Transparency: All transactions and smart contracts are recorded on the blockchain, making them publicly verifiable.

3. Interoperability: DeFi protocols are designed to work together, allowing users to seamlessly move assets and data between platforms.

4. Programmability: Smart contracts enable complex financial services to be automated and customized.

DeFi has a lot of importance beyond the aforementioned 78 $degen

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