#DeFiGetsGraded

Decentralized finance (DeFi) is like 'banking without banks'.

Imagine you want to borrow money, take out a loan, or exchange currency. Usually, you go to a bank, which acts as an intermediary. The bank checks your creditworthiness, takes fees, and controls the entire process.

In the world of DeFi, everything works differently:

✅️There are no intermediaries. You interact not with a bank, but with a special program called a smart contract. This program runs on a blockchain (for example, Ethereum) and executes all transactions.

✅️The money belongs to you. Your assets are stored in your own crypto wallet, not in a bank account. You have full control.

✅️Access 24/7 for everyone. You don't need to provide documents, go through checks, or wait for the bank to open. The main thing is to have internet access.