Decentralized Finance, or DeFi, is a financial ecosystem built on blockchain technology that eliminates traditional financial intermediaries. This article explains how DeFi platforms allow users to lend, borrow, trade, and earn interest using cryptocurrency. It discusses smart contracts, liquidity pools, and decentralized exchanges. Readers will learn about the advantages of DeFi, including financial accessibility and transparency, as well as potential risks such as smart contract vulnerabilities.
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