CryptoMaven
Tue Sep 24 2024
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5 answers
826
What are DeFi chains?
Could you please elaborate on what DeFi chains are? I understand they have something to do with decentralized finance, but I'm curious to know more about how they work and what sets them apart from traditional financial systems. Are they based on blockchain technology? And if so, how do they utilize it to enable peer-to-peer financial transactions and services without the need for intermediaries? I'm also interested in learning about the potential benefits and risks associated with DeFi chains and how they may impact the future of finance.
