DeFi is also known as an open financial platform and covers end-to-end financial services including lending, borrowing and trading. It is a decentralised application based on Ethereum, and the term decentralised finance generally refers to the use of decentralised applications built using blockchain.

 

DeFI, which is built on cryptocurrency platforms such as Ethereum and Cosmos, cuts out human middleman paperwork and replaces it with smart contracts. This open finance project is in line with the objective of creating a single ecosystem in which all elements can easily interact.

The purpose of DeFi is to create a financial ecosystem that is the exact opposite of what exists. The main objective of our system is to have full control over your assets through the effective use of decentralization and blockchain technology. Due to the decentralized nature of blockchain technology and its ability to be open source, the goal of DeFi is to give you full control over the assets, and it can. Trade with leverage decentralized trading and earn passive income in DeFi.

 

DeFi includes various products, but decentralized financing generally consists of modern monetary systems and solutions based on decentralized applications.

What is Decentralized finance (DeFi)

By warnerdavis

What is Decentralized finance (DeFi)

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