Decentralized Finance Systems, often abbreviated as DeFi, are financial applications built on blockchain technology that operate without central intermediaries. These systems offer services such as lending, borrowing, trading, and insurance through automated smart contracts. They aim to provide open, permissionless, and transparent financial services accessible to anyone with an internet connection. DeFi represents a significant departure from traditional financial structures, promoting greater user control and reduced reliance on legacy institutions.
Context
News regularly covers the rapid expansion of DeFi, alongside discussions about its regulatory oversight, security vulnerabilities, and potential for disrupting conventional banking. The scalability and user experience of these systems remain central points of innovation and public interest.
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