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Base Chain DeFi

Definition

Base Chain DeFi refers to decentralized finance applications and protocols operating directly on a primary blockchain network, rather than on a layer-2 solution or sidechain. These applications process transactions and manage assets entirely on the main ledger, leveraging its inherent security and decentralization properties. Examples include early decentralized exchanges and lending protocols built on foundational chains like Ethereum. The term distinguishes these protocols from those utilizing scaling layers.