Decentralized Finance (DeFi)
What is Decentralized Finance?
Financial services such as lending and trading built on blockchains without traditional intermediaries.
Understanding Decentralized Finance
DeFi applications use smart contracts to let people lend, borrow, trade, and earn interest directly from their crypto wallets.
DeFi can be open and fast, but it carries risks: smart contract bugs, hacks, volatile collateral, unclear regulation, and little or no consumer protection.