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Home/ Questions/Q 4215
Shirleyeva
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ShirleyevaBegginer
Asked: March 31, 20222022-03-31T07:12:47+00:00 2022-03-31T07:12:47+00:00In: Trading

What is Decentralized Finance(DEFI)?

  • 1

Decentralized finance has grown into an ecosystem that is worth hundreds of billions with its advancement in finance. Defi operations are not managed by centralized institutions, since this could limit the speed of the transactions and transparency. As defi runs on the Ethereum blockchain, it ensures 100% data security.

Anyone who has an internet connection can participate in defi and trade, lend, borrow, stake funds with the help of smart contracts.

Defi has opened up a new space for those who wish to make uplift their traditional finance with the newfangled finance system. Furnish your finance by availing defi development services and make immense profits.

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