What is DeFi? (Simple Explanation)


DeFi stands for Decentralized Finance.
It means a financial system that operates on the blockchain without intermediaries like banks.
Examples of what you can do in DeFi:
• Save and earn interest (lending)
• Borrow crypto assets (borrowing)
• Swap tokens without a centralized exchange (DEX)
All transactions are conducted through smart contracts, not through third parties.
In short:
DeFi = financial services, but running on the blockchain.
#Crypto #DeFi #Web3
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