Decentralized finance (DeFi)

Decentralized Finance (DeFi) refers to a rapidly growing sector within the cryptocurrency and blockchain space that aims to recreate and enhance traditional financial systems through decentralized technologies. By utilizing blockchain networks and smart contracts, DeFi platforms enable peer-to-peer financial transactions without the need for intermediaries such as banks or brokers. This approach offers increased transparency, lower costs, and greater accessibility to financial services like lending, borrowing, trading, and yield farming. DeFi represents a significant shift towards a more open and inclusive financial ecosystem.