Decentralized Finance (DeFi)
What is Decentralized Finance (DeFi)?
Decentralized Finance is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. It removes the control banks and institutions have on money, financial products, and financial services.
Why It Matters
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It provides open access to financial services for anyone with an internet connection.
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It eliminates intermediaries, potentially reducing costs and increasing transaction speeds.
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It enables the creation of programmable financial instruments through smart contracts.
