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    Decentralized Finance or DeFi is an open finance movement that aims to create a global and open financial service accessible by everyone in the world with smartphones and internet connection.

    Imagine that you can do savings, loans, trading, insurance, and more without any intermediaries and rely only on codes and smart contracts. DeFi is a kind of decentralized applications (Dapps) built on blockchain networks to create applications with a high level of security and transparency with little to no human intervention.
    DeFi protocols often come with governance tokens which allow holders to vote on the direction and changes of the protocol.

    There are multiple types of DeFi platforms. Here are some of the DeFi protocols along with their popular platforms:
    Lending Platforms such as Aave, Maker, Compound, etc.
    Decentralized Exchanges (DEXs) such as Curve Finance, Uniswap, Balancer, etc.
    DeFi assets creators such as WBTC, RENvm,, etc.


    DeFi stands for Decentralized Finance. It refers to a system of financial applications and platforms that operate on blockchain networks, such as Ethereum. DeFi aims to provide open, permissionless house of hazards, and decentralized alternatives to traditional financial intermediaries and services.


    DeFi is truly reshaping the financial landscape. It’s amazing to see how decentralized apps like Aave and Uniswap are replacing traditional intermediaries. The governance tokens make users feel like they have a say in the system’s direction. It’s like we’re jumping into a new financial era with jumping shell speed!


    As with any technology, it is spacebar clicker essential for users to be mindful of the legal and technical aspects

    Bekean Loinse

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