#DeFiGetsGraded
DeFi, or Decentralized Finance, is a blockchain-based financial system that removes intermediaries like banks and brokers. It uses smart contracts on platforms such as Ethereum to enable peer-to-peer lending, borrowing, trading, and saving. DeFi platforms offer greater accessibility, transparency, and control over funds, often with lower fees. Users interact through decentralized apps (dApps), retaining custody of their assets. While offering innovation and financial inclusion, DeFi also carries risks like smart contract bugs and market volatility. As the ecosystem grows, it continues to reshape how people access and use financial services.