DeFi, short for Decentralized Finance, refers to a range of financial services built on blockchain technology that operate without traditional intermediaries such as banks. These services include lending, borrowing, trading, and yield generation through smart contracts.
By removing centralized control, DeFi platforms offer greater transparency, accessibility, and innovation, empowering users to manage their financial activities independently.
The rapid expansion of DeFi has spurred a wave of decentralized applications that are reshaping the traditional financial landscape.
« Back to Glossary Index