DEFI

 Important words

 

                                           DECENTRALIZED FINANCE (DeFi)  

 

Decentralized finance (DeFi) is an emerging financial technology based on secure 

distributed ledgers similar to those used by cryptocurrencies. Decentralized finance, or 

DeFi, uses emerging technology to remove third parties and centralized institutions 

from financial transactions. DeFi eliminates the fees that banks and other financial 

companies charge for using their services. 

 

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