#Defi

- **Decentralized Finance (DeFi)** refers to a system where financial products and services are available on a public blockchain, primarily Ethereum, allowing for peer-to-peer financial transactions without traditional financial intermediaries like banks .

- The term "DeFi" in the post connects to the broader context of blockchain technology's evolution, where decentralized platforms enable users to lend, borrow, trade, or invest in cryptocurrencies directly with others, reducing costs and increasing accessibility.

- The post's mention of DeFi is timely, considering the growing interest and developments in the DeFi space, which has seen significant growth and innovation since its inception, particularly highlighted by platforms like Binance engaging with DeFi through various initiatives .