#DeFiGetsGraded

DeFi, short for Decentralized Finance, refers to financial services and applications built on blockchain technology. It enables peer-to-peer transactions, lending, borrowing, and trading without intermediaries. DeFi platforms use smart contracts to automate processes, increasing transparency and security. Popular DeFi applications include Uniswap, Compound, and Aave. DeFi has grown rapidly, with billions of dollars locked in various protocols. However, it also comes with risks, such as market volatility and smart contract vulnerabilities. As the space continues to evolve, it's essential to stay informed and cautious when participating in DeFi activities. Research and understanding are key to navigating this complex ecosystem.