DeFi
Decentralized Finance
DeFi refers to financial services built on public blockchains using smart contracts. It enables lending, trading, and asset management without traditional intermediaries.
DeFi platforms use crypto assets and open protocols, which can introduce volatility and smart contract risk. Users typically interact through digital wallets.
Related Terms
Smart Contract
A smart contract is self-executing code stored on a blockchain that runs when predefined conditions ...
Cryptocurrency
Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on ...
Stablecoin
A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging it to a rese...
Digital Wallet
A digital wallet is an electronic device, software program, or online service that stores payment in...
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