Decentralized Finance (DeFi) Platforms

Decentralized Finance (DeFi) platforms are online services that allow people to conduct financial transactions directly with one another, without intermediaries like banks. Using blockchain technology, DeFi offers various services such as lending, borrowing, trading, and earning interest on cryptocurrency assets. This system aims to make finance more accessible, transparent, and secure, as users retain control of their funds and can interact with smart contracts—automated agreements on the blockchain. Essentially, DeFi democratizes finance by providing tools that anyone can use to manage their money outside traditional banking systems.