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Azi✈️🍖🔮⛓️🔥🐹
@hvqfpme1952
Key Features of DeFi ✅ Decentralization: No central authority controls the system; all transactions occur on the blockchain. ✅ Global Access: Anyone with a crypto wallet and internet connection can use DeFi services. ✅ High Transparency: Smart contracts and transactions are recorded on the blockchain and can be viewed by anyone. ✅ User Control Over Assets: Unlike banks, users retain full ownership of their funds in DeFi. --- Main Use Cases of DeFi 1. Lending & Borrowing: Platforms like Aave and Compound allow users to lend or borrow assets. 2. Decentralized Exchanges (DEXs): Platforms like Uniswap and SushiSwap enable direct token swaps without centralized exchanges. 3. Yield Farming: Users can stake their assets to earn rewards. 4. Stablecoins: Projects like DAI provide decentralized stablecoins to reduce price volatility. 5. Derivatives & Prediction Markets: Platforms like Synthetix and Augur enable synthetic asset trading and market predictions.
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