The DeFi Challenge ???
What is decentralized finance DeFi?
Decentralized finance (DeFi) is a financial ecosystem based on blockchain that allows access to financial services without traditional intermediaries like banks.
Thanks to smart contracts and open-source protocols, DeFi offers solutions such as lending, borrowing, cryptocurrency exchange, and yield farming in an automated and transparent manner.
It primarily relies on blockchains like Ethereum and promotes a more inclusive finance, accessible to anyone with an Internet connection. However, it also presents risks, particularly related to asset volatility and security flaws in protocols.
