distributed finance (DeFi)

Distributed Finance (DeFi) is a system that uses blockchain technology to offer financial services—like lending, borrowing, and trading—without traditional banks or intermediaries. It relies on smart contracts, which are self-executing agreements, to automate transactions securely and transparently. DeFi facilitates direct peer-to-peer interactions, often at lower costs and with greater accessibility, enabling anyone with an internet connection to participate. It aims to create an open, decentralized financial ecosystem that operates independently of centralized institutions, increasing financial inclusion and innovation.