INTRODUCTION

Decentralized Finance (DeFi) refers to a decentralized system of financial products and services that operate without the need for traditional intermediaries such as banks or financial institutions. DeFi leverages blockchain technology and smart contracts to provide access to financial services such as lending, borrowing, trading, and investing in a peer-to-peer manner.

One of the key features of DeFi is that it allows users to maintain control of their assets and access financial services without needing to rely on centralized entities. This has the potential to democratize access to financial services, increase financial inclusion, and reduce the barriers to entry for individuals who are underserved by traditional financial institutions.

CONCLUSION

Some popular DeFi applications include decentralized exchanges (DEXs) like Uniswap and SushiSwap, lending platforms like Compound and Aave, and synthetic asset platforms like Synthetix. The DeFi ecosystem continues to evolve rapidly, with new projects and innovations being developed to expand the range of financial services available on decentralized platforms.