TOP-10 DeFi projects to invest in 2023-2024
What is DeFi in simple terms? Decentralized finance (DeFi) emerges as a nascent framework for structuring and facilitating cryptocurrency-based transactions, exchanges, and financial services.…
DeFi News, yes, but what is DeFi?
DeFi, or Decentralized Finance, is a blockchain-based form of finance that aims to eliminate intermediaries like banks and brokers. It uses smart contracts on networks like Ethereum to automate financial services such as lending, borrowing, and trading. With DeFi, users maintain full control over their assets, directly interacting with smart contracts to access financial services. This creates a more open and accessible financial system, but also carries risks like smart contract vulnerabilities.