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Web3 Finance

Definition

Web3 Finance refers to financial services and applications built on decentralized blockchain technology, operating without central intermediaries. This sector encompasses a broad array of decentralized financial products, including lending, borrowing, trading, and asset management, all powered by smart contracts and distributed ledgers. It prioritizes user ownership, transparency, and permissionless access, contrasting with traditional financial systems. Web3 Finance aims to create a more open, equitable, and efficient global financial infrastructure.