DeFi
Decentralized finance (DeFi) is a blockchain-based financial system offering lending, borrowing, trading, and investing without centralized control. It’s transparent, permissionless, and accessible to anyone with internet access. DeFi enhances efficiency, security, and transparency in financial transactions, revolutionizing traditional finance. While it brings benefits, it also carries risks, such as complexity and vulnerabilities. DeFi applications include decentralized exchanges, lending platforms, asset management, derivatives, and insurance. DeFi is an evolving technology with the potential to democratize financial services worldwide.