Decentralized finance (DeFi) is revolutionizing the global financial system by eliminating traditional intermediaries. Instead of relying on banks or financial institutions, DeFi utilizes blockchain technology to create an open, transparent, and accessible ecosystem for everyone.

DeFi offers a variety of financial services without the need for intermediaries like banks, including lending, borrowing, trading, and insurance. This helps reduce costs, speed up transaction times, and enhance security. Anyone with an internet connection can participate in DeFi, expanding financial access for billions of people around the world, particularly in underdeveloped areas. Although still in its infancy and carrying risks, DeFi is gradually reshaping the future of the financial industry towards a fairer and more efficient system.

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