Decentralized Finance (DeFi)
DeFi eliminates intermediaries in financial services, democratizing access to financial tools.
Applications:
Lending, borrowing, and staking platforms.
Decentralized exchanges (DEXs) for token trading.
Stablecoins for cross-border transactions and payments.
Benefits:
Provides financial inclusion for underbanked populations.
Offers lower fees and greater transparency compared to traditional finance.
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