What is DeFi
Decentralized Finance (DeFi) is an entire ecosystem whose goal is to give anyone access to traditional financial services through a borderless, permissionless and uncensored system built on public blockchains. This means serving the functions of traditional financial use-cases such as trading, lending, borrowing, payments and insurance all of which can be coded into smart contracts used by DApps in order to create a Peer-to-Peer global financial network.
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Decentralized finance essentially involves a brand-new monetary system being built on public blockchains.
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