DeFi represents a fundamental shift from centralized financial _s to decentralized protocols and applications. It leverages blockchain technology to provide open, permissionless, and trustless access to financial services, including lending, borrowing, trading, and yield farming. DeFi projects are built on smart contracts, enabling automated and transparent financial transactions.
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The Emergence of DeFi
DeFi represents a fundamental shift from centralized financial _s to decentralized protocols and applications. It leverages blockchain technology to provide open, permissionless, and trustless access to financial services, including lending, borrowing, trading, and yield farming. DeFi projects are built on smart contracts, enabling automated and transparent financial transactions.