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  • #48
    askscn
    Keymaster

    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, yearn.finance, etc.

    #10114
    Goope1982
    Participant

    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.

    #12431
    Kerto44
    Participant

    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!

    #12605
    farradi
    Participant

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

    #13101
    Bekean Loinse
    Participant

    Discover new songs and artists while having a blast with heardle – it’s a win-win for music exploration and gaming excitement.

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