What is DeFi?
DeFi stands for Decentralized Finance, a financial system built on blockchain technology that removes the need for traditional banks and intermediaries.
Key Features of DeFi:
Decentralization: Operates without central authority.
Accessibility: Anyone with an internet connection can participate.
Transparency: All transactions are recorded on the blockchain.
Smart Contracts: Automated agreements that execute themselves without human involvement.
Popular Use Cases of DeFi:
Lending & Borrowing
Staking & Yield Farming
Decentralized Exchanges (DEXs)
Stablecoins
Why DeFi Matters:
DeFi opens up the world of finance to everyone, making it more inclusive, efficient, and transparent. On Binance, you can explore DeFi products like staking, liquidity farming, and more.
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