
DeFis Cambrian Explosion: Beyond Lending And Trading
Decentralized Finance (DeFi) has emerged as a revolutionary force in the financial world, promising to democratize access to financial services and reshape traditional systems. By leveraging blockchain technology, DeFi aims to create a transparent, permissionless, and efficient financial ecosystem accessible to anyone with an internet connection. This guide explores the core concepts, benefits, risks, and practical applications of DeFi, providing a comprehensive overview for newcomers and seasoned crypto enthusiasts alike.
What is Decentralized Finance (DeFi)?
Defining DeFi
DeFi, short for Decentralized Finance, refers to a financial system built on blockchain technology, primarily using smart contracts. Unlike traditional finance (TradFi), which relies on intermediaries like banks and bro...