DeFi: Banking Without Banks
Decentralized finance (DeFi) is a set of crypto apps that offer lending, borrowing, swapping, and yield strategies using smart contracts. Instead of a bank, users interact directly with code and pools of liquidity. DeFi can be open to anyone with a wallet, but it carries risks: hacks, flawed contracts, and confusing leverage. Still, it keeps evolving, aiming to make finance more programmable and global.
Decentralized finance (DeFi) is a set of crypto apps that offer lending, borrowing, swapping, and yield strategies using smart contracts. Instead of a bank, users interact directly with code and pools of liquidity. DeFi can be open to anyone with a wallet, but it carries risks: hacks, flawed contracts, and confusing leverage. Still, it keeps evolving, aiming to make finance more programmable and global.
Decentralized finance (DeFi) is a set of crypto apps that offer lending, borrowing, swapping, and yield strategies using smart contracts. Instead of a bank, users interact directly with code and pools of liquidity. DeFi can be open to anyone with a wallet, but it carries risks: hacks, flawed contracts, and confusing leverage. Still, it keeps evolving, aiming to make finance more programmable and global.