What is a DeFi token?
DeFi stands for Decentralized Finance. It is a system that allows for financial operations (such as loans, exchanges, and investments) to be carried out using smart contracts on blockchains, without the need for banks or intermediaries.
Main features:
Open: anyone with internet can use it.
No intermediaries: contracts execute the rules automatically.
Transparent: all transactions are visible on the blockchain.
Example: You can lend your cryptocurrencies and earn interest automatically through protocols like Aave or Compound.
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