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What is Defi & how does it work?

What Is DeFi? Decentralized finance (DeFi) applications aim to cut out the middlemen of our everyday finances. DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.

What is a Defi application?

DeFi applications are designed to communicate with a blockchain, allowing people to use their money for purchases, loans, gifts, trading, or any other way they want without a third party. These applications are programs installed on a device like a personal computer, tablet, or smartphone that make it easier to use.

What are the benefits of Defi?

DeFi's core benefit is enabling easy access to financial services, especially for those isolated from the traditional financial system. Another advantage is the modular framework it’s built upon, with interoperable DeFi applications on public blockchains. These have the potential to create entirely new financial markets, products, and services.

La première plateforme de trading de cryptomonnaies au monde

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