Decentralized Finance

Decentralized finance (DeFi) refers to a financial ecosystem built on blockchain technology and smart contracts that aims to democratize and decentralize traditional financial services, such as lending, borrowing, and trading, without intermediaries or centralized control. It leverages decentralized ledgers, decentralized applications (DApps), and cryptographic tokens to enable peer-to-peer transactions and automated financial protocols. Readers can explore DeFi platforms, protocols, and use cases for accessing, managing, and investing in digital assets, understanding their potential benefits and risks for financial inclusion and innovation.