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DeFi, or decentralized finance, is a revolutionary technology in the world of cryptocurrencies. It eliminates the need for intermediaries like banks by using blockchain technology to facilitate peer-to-peer financial transactions. DeFi platforms offer services such as lending, borrowing, and trading, providing greater accessibility, transparency, and control over financial assets. With smart contracts, DeFi ensures secure, automated, and trustless transactions, making financial services more efficient and inclusive. This innovation is rapidly transforming traditional financial systems, paving the way for a more decentralized and equitable financial future.
