Rinju Clitus

Decentralized Finance (DeFi): . Content Warning.

What is DeFi? Decentralized Finance, or DeFi, refers to a set of financial services and applications that are built on blockchain technology. Unlike traditional financial systems, DeFi operates on open, permissionless networks, primarily Ethereum, and seeks to remove intermediaries like banks and financial institutions from the equation. DeFi applications aim to provide financial services such as lending, borrowing, trading, and earning interest in a trustless and decentralized manner.