#FOMCMeeting #BinanceAlphaAlert #MetaplanetBTCPurchase #SparkBinanceHODLerAirdrop
Decentralized finance (DeFi) is a new financial system that operates without the need for intermediaries such as banks or insurance companies, and is entirely built on blockchain technology, especially on the Ethereum network. DeFi uses smart contracts to provide services such as lending, trading, and saving in an automated and transparent manner. Through digital wallets, anyone in the world can lend their digital currencies and earn a return, or borrow with digital collateral without paperwork or central authority.
Some of the most prominent DeFi projects include Aave, Uniswap, and Compound. Despite its numerous advantages, the system still faces challenges such as hacking and regulatory instability. However, it is considered one of the most promising trends in the financial future.
.
