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Decentralized Finance Utility

Definition

Decentralized Finance Utility refers to the practical applications and functions provided by decentralized financial protocols and platforms. These utilities allow users to engage in various financial activities, such as lending, borrowing, trading, and earning yield, without relying on traditional intermediaries. It highlights the inherent value and operational capabilities offered by DeFi ecosystems. This concept underscores the tangible benefits derived from blockchain-based financial services.