DeFi, short for Decentralized Finance, refers to a category of financial services that are built on blockchain technology and operate without traditional intermediaries like banks or brokerages. Instead, they rely on smart contracts, which are self-executing contracts with the terms of the agreement

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DeFi is revolutionizing the financial industry by offering services without intermediaries. Smart contracts ensure transparency and security. Understanding this decentralized model is key to navigating the future of finance. 