What is DeFi? DeFi (101) explained clearly at its best
What is DeFi? DeFi (Decentralized Finance) is a financial system built on blockchain technology that operates independently of traditional intermediaries such as banks or governments. It utilizes smart contracts to create decentralized applications (dApps) that offer financial services like lending, borrowing, trading, payments, staking, and yield farming. The decentralized nature of DeFi empowers users with…