DeFi (Decentralized Finance)

DeFi, or Decentralized Finance, refers to financial services built on blockchain technology that operate without traditional banks or intermediaries. Using smart contracts—self-executing agreements—DeFi platforms enable activities like borrowing, lending, trading, and earning interest directly between users. This approach offers greater accessibility, transparency, and control over assets, reducing reliance on centralized institutions. Essentially, DeFi aims to democratize finance by providing open, permissionless financial tools that anyone with an internet connection can access and use.