"DeFi" stands for "Decentralized Finance." It refers to a financial system built using blockchain technology and cryptocurrencies to create decentralized alternatives to traditional financial services such as lending, borrowing, asset trading, and more. Instead of relying on traditional financial intermediaries like banks, DeFi platforms use smart contracts and decentralized protocols to automate transactions and provide financial services directly to users.
DeFi offers a range of benefits, including increased accessibility, transparency, and control over your assets. However, it also comes with risks and challenges, such as security issues and volatility. It is a rapidly growing sector in the crypto space and has attracted a lot of attention and investment in recent years.
Origem: Bitcoin Nwes - MONEYBRAZIL IO
