DeFi for Dummies: A Simple Guide to Decentralized Finance 🌐
What is DeFi? 🤔 Think of it as a financial system that works without banks! It uses smart contracts on blockchains to let you lend, borrow, and trade. It’s all about giving you control of your money! 💸
1. Lending: You can earn interest by lending out your crypto.
2. Borrowing: You can take out a loan using your crypto as collateral.
3. Trading: You can swap tokens directly with others, no middleman required!
