What is decentralized finance (DeFi)? 🌐💸
Decentralized finance or DeFi is a digital financial system based on blockchain 🛡️ that provides financial services such as lending, borrowing, and trading without the need for banks or traditional intermediaries. DeFi allows users complete control over their assets 🔓, and offers multiple investment opportunities 📈 with fast transaction execution ⏱️ and low costs 💳. It also supports innovation in smart contracts 🤖, increasing profit and financial expansion possibilities 🌍.
Question for the audience 💬
Have you ever tried DeFi platforms? If yes, what was your experience and how did you benefit from it?
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