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Financial Abstraction

Definition

Financial abstraction simplifies complex financial operations by hiding underlying technical details from users. This process involves presenting users with a streamlined interface or service that obscures the intricate cryptographic, protocol-level, or smart contract interactions. It enables easier access and utilization of decentralized finance (DeFi) applications and digital assets for individuals without deep technical expertise. The goal is to make digital asset management and investment as intuitive as traditional banking.