What is DeFi? Understanding the Basics of Decentralized Finance
Decentralized Finance, commonly known as DeFi, refers to financial services and products built on blockchain technology. Unlike traditional financial institutions such as banks and brokerage firms, DeFi operates without centralized intermediaries, using blockchain networks—primarily Ethereum—to facilitate peer-to-peer financial transactions. Why is DeFi Important? DeFi has become a significant disruptor in the financial industry, offering greater…