*DeFi Decentralized Finance refers to a category of financial applications built on blockchain technology, primarily on Ethereum and other smart contract #Trending platforms. It aims to provide open, permissionless, and decentralized alternatives to traditional financial services. DeFi eliminates intermediaries like banks, enabling users to transact directly and maintain control over their assets.

Key Features of #DeFi

Decentralization**: Operates without centralized entities using smart contracts. #binance

Permissionless**: Open to anyone with internet access and a compatible wallet. #trade2earna

Transparency**: Transactions and protocols are visible on the blockchain. #OpenfabricAI

Interoperability**: Many DeFi applications can integrate or interact with others.

Non-custodial**: Users retain full control of their funds

Common Use Cases #OFN