๐Ÿš€ What is DeFi?

DeFi = Decentralized Finance. It's about rebuilding financial services on blockchain (like $ETH ) without banks!

Core Idea: Use smart contracts for transparent, permissionless finance.

What you get:

* Lending/Borrowing: Earn interest, get loans.

* DEXs: Trade crypto directly (e.g., Uniswap).

* Stablecoins: Crypto pegged to real-world assets.

It's innovative but has risks โ€“ always DYOR!

#defi #BlockchainLifeAwards2024 #BinanceSquare