Understanding Decentralized Finance (DeFi)
Decentralized finance (DeFi) has become a buzzword in the financial industry in recent years. The term refers to a new form of finance that operates on decentralized, open-source, and transparent blockchain networks, such as Ethereum. The DeFi ecosystem comprises various financial applications, including decentralized exchanges (DEXs), lending and borrowing platforms, prediction markets, insurance protocols, and … Read more