Decentralized Finance (DeFi) is a financial system based on blockchain technology that enables transactions that are transparent, permissionless, and trustless. DeFi's goal is to give financial services to everyone, wherever in the globe, without the use of middlemen. It encompasses lending, borrowing, trading, and other financial activities that do not rely on traditional banks.
http://sdlccorp.com/post/decentralized-finance-defi-what-is-it-and-how-does-it-work/ »
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