The term “DeFi” stands for “Decentralized Finance” and describes a monetary system that does not require any middlemen: banks or stock exchanges are replaced by software.
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Thanks to the intervention of DeFi or Decentralized Finance. This financial system includes digital assets, protocols, smart contracts, and dApps, made with the famous blockchain technology.
The instability of cryptocurrencies has always remained the number one reason to minimize adoption and prevent them from being considered a true alternative to displacing traditional finance. However, with DeFi on the market, it moves into what looks like the ultimate anchor of digital assets in the global economy. Let’s try to understand what is DeFi in the crypto world.
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#defi_wallet #defi_farming #defi_launchpad
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