💵 What is Decentralized Finance (DeFi)?
DeFi is an open financial system that operates without banks, enabling lending, trading, and insurance through smart contracts. It uses digital wallets instead of bank accounts, and allows for passive income generation through liquidity provision or storage.
🔹 The most prominent cryptocurrencies that have projects based on Decentralized Finance (DeFi), which is currently one of the largest uses of blockchain and aims to provide financial services without intermediaries like banks:
💠 Ethereum ETH
* The main platform for almost all DeFi projects.
* Hosts thousands of decentralized applications (dApps) such as: Uniswap, Aave, MakerDAO.
* Considered the foundational infrastructure for decentralized finance.
💱 Uniswap UNI
* The largest decentralized exchange (DEX) protocol built on Ethereum.
* Enables users to trade cryptocurrencies directly without an intermediary.
* Uses an "AMM" system to automatically provide liquidity.
🔁 Curve CRV
* A DEX platform specialized in stablecoins.
* Allows low-fee trading between USDT, USDC, DAI, and similar assets.
* Important for maintaining liquidity stability.
🌐 Synthetix SNX
* A protocol for issuing and trading synthetic assets (like gold or stocks).
* Allows for the trading of real assets on the blockchain.
