DeFi, short for Decentralized Finance, builds an ecosystem of financial applications and services on blockchain technology. Unlike traditional finance, DeFi aims to eliminate intermediaries and establish a more open, accessible, and transparent financial system.
DeFi platforms enable users to access various financial services such as lending, borrowing, trading, and earning interest without depending on centralized institutions like banks or brokerages.
“I believe DeFi can revolutionize the financial industry by promoting greater financial inclusion and empowering individuals to have more control over their finances.”