Decentralized Finance, or DeFi , is one of the most exciting innovations in the crypto space. It promises to reshape the way people borrow, lend, trade, and earn — without relying on traditional banks or financial institutions. But what exactly is DeFi, and how can beginners get started? In this guide, we’ll break it down in simple terms. What Is DeFi? DeFi stands for Decentralized Finance . It refers to a new type of financial system built on blockchain technology — primarily on Ethereum and other smart contract platforms. Unlike traditional finance (TradFi), which depends on intermediaries like banks and brokers, DeFi operates through code and algorithms , allowing users to interact directly with financial services. Think of DeFi as “banking without the bank.” Key Features of DeFi Here’s what sets DeFi apart: Permissionless: Anyone with a crypto wallet and internet can use DeFi — no approval needed. Decentralized: Power is distributed among users and protocol...
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