The Great DeFi...🌐
Decentralized Finance ...💸💥
⛓️ DeFi refers to an ecosystem of financial applications built on blockchain technology, primarily Ethereum, that seeks to replicate traditional financial services without intermediaries.
🏦 The main objective of DeFi is to be an open, transparent, and permissionless system, allowing anyone with internet access to participate.
💰 One of the pillars of DeFi is decentralized lending and borrowing, where users can lend their assets to earn interest or borrow by collateralizing other assets.
🔄 Decentralized exchange (DEX) allows users to trade crypto assets directly with each other without the need for a centralized exchange, using liquidity pools.
🧑🌾 Yield farming is a practice where users move their crypto assets between different DeFi protocols to maximize rewards or interest earned.
🛡️ Governance in many DeFi protocols is in the hands of users through governance tokens, allowing them to vote on future updates and changes to the protocol.
⚖️ Transparency is inherent, as all transactions and the rules of smart contracts are publicly visible on the blockchain.
$DEFI
