#DeFiGetsGraded Decentralized Finance (DeFi) is a blockchain-based financial system that operates without traditional intermediaries like banks. Built mainly on smart contract platforms such as Ethereum, DeFi offers services like lending, borrowing, trading, staking, and yield farming through decentralized applications (dApps). Users maintain control of their assets via crypto wallets, ensuring transparency, security, and global accessibility. Transactions are governed by code rather than centralized authorities, reducing costs and censorship risks. DeFi promotes financial inclusion by allowing anyone with internet access to participate. Its rapid growth has created innovative financial products, though risks like volatility, smart contract bugs, and regulatory uncertainty remain significant.