DeFi

DeFi, short for decentralized finance, is a system that uses blockchain technology to recreate traditional financial services—like lending, borrowing, and trading—without relying on traditional banks or financial institutions. Instead, these services are powered by smart contracts on open networks, making them accessible to anyone with an internet connection. DeFi aims to provide more control, transparency, and inclusivity in finance, often offering faster and lower-cost alternatives. It’s like having financial tools available on the internet that operate independently, securely, and without intermediaries.