Decentralized finance (DeFi)

What is DeFi?

DeFi refers to a set of financial services that are built on top of blockchain networks, such as Ethereum. These services enable users to borrow, lend, trade, and invest in various digital assets without the need for intermediaries like banks or brokerages. DeFi is built on the principles of decentralization, transparency, and programmability, which means that anyone can access these services and participate in the network.