Decentralized finance (DeFi) is a blockchain-based financial system that allows users to conduct financial transactions without traditional intermediaries such as banks. Thanks to smart contracts, which are programs that automatically execute on the blockchain when certain conditions are met, transactions such as lending, borrowing, and trading can be executed automatically and securely. These technologies reduce costs, increase transparency, and expand access to financial services globally, making DeFi an innovative option for many users and investors.
