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What are the Advantages of DeFi?

DeFi otherwise called Decentralized Finance is an ecosystem of financial applications built with public blockchain technology. In simple terms, DeFi brings financial services to any individual with access to the internet.

Decentralized Finance(DeFi) - Frequently Asked Questions 1

What is the Risk of using DeFi Applications?

DeFi aims to give users an alternative by removing the need to trust centralized parties and opening its doors to the world. This is achieved by building financial services in an open, permissionless, and decentralized manner.