⭐️ DURIANIST DECIPHER - No.02

Decentralized Finance (DeFi): Simplifying Finance for Everyone

In recent years, a new financial paradigm has emerged, reshaping the way we think about banking, lending, and trading. This transformative model is known as Decentralized Finance, or DeFi. At its core, DeFi leverages blockchain technology to create financial services that are open, accessible, and transparent, operating without traditional intermediaries like banks or brokers.

What Makes DeFi Unique?

DeFi stands out because it extends the ethos of decentralization inherent in blockchain to the financial sector. By using smart contracts on blockchain platforms, DeFi applications automate financial transactions and agreements, enabling services like lending, borrowing, and trading to be conducted peer-to-peer.

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