DeFi. Decentralized Finance.

Decentralized finance (DeFi) is a financial system built on top of a blockchain network, such as Ethereum, that allows for the creation of decentralized financial applications and services. These applications and services are built using smart contracts and operate independently of traditional financial intermediaries, such as banks and governments. DeFi includes a wide range of financial products and services, such as lending and borrowing, trading, insurance, and more. The goal of DeFi is to create a more open and accessible financial system by removing intermediaries and giving users more control over their assets.

The benefits of using decentralized finance (DeFi) include:

Accessibility: DeFi allows anyone with an internet connection to access financial services and products, regardless of their location or credit history.

Transparency: DeFi transactions are recorded on the blockchain, providing a transparent and auditable record of all activity.

Censorship resistance: Because DeFi is built on a decentralized network, it is resistant to censorship and interference by central authorities.

Interoperability: DeFi allows for the seamless transfer of assets across different platforms and protocols.

Increased security: By eliminating intermediaries and using smart contracts, DeFi can offer increased security for users' assets.

High yield earning: By providing liquidity to DeFi protocols, users can earn high yields on their assets compared to traditional saving accounts.

Decentralized Governance: Many DeFi protocols are governed by their token holders, giving them more power over the direction and development of the platform.

Decentralized lending and borrowing: DeFi protocols allows users to lend and borrow assets without the need of a traditional intermediary, this can lead to higher interest rate.