DeFi (decentralized finance) is a financial system that operates without intermediaries such as banks. It uses blockchain and smart contracts so that people can directly lend money, exchange cryptocurrencies, and earn income without the involvement of centralized organizations.

Examples of DeFi:

🌟Lending: You can lend money to others or take out a loan, with everything happening without the involvement of a bank.

🌟Synthetic Assets: These are digital assets that can reflect the price of real-world objects, such as stocks or gold.

Top DeFi tokens:

🟥Aave (AAVE) — loans and borrowing of cryptocurrencies.

🟩Maker (MKR) — supports the stable cryptocurrency DAI.

🟥Compound (COMP) — a platform for borrowing and lending.

🟩Curve Finance (CRV) — exchange of stable cryptocurrencies.

🟥Chess (CHESS) — DeFi with gaming and yield elements.

🟩Yearn Finance (YFI) — yield optimization.

🟥Synthetix (SNX) — creation of synthetic assets.

🟩PancakeSwap (CAKE) — a popular platform on Binance Smart Chain.

🟥BakerySwap (BAKE) — cryptocurrency exchange and other DeFi services.

🟩Venus (XVS) — lending and creation of synthetic assets.

🟥Coin98 (C98) — a multi-chain platform for cryptocurrency exchange.