Decentralized Finance (DeFi): Revolutionizing the Future of Finance
Decentralized Finance (DeFi) Market is one of the most groundbreaking innovations in the financial world, offering a new way to manage money without relying on traditional banks, intermediaries, or centralized institutions. Built primarily on blockchain technology, DeFi enables anyone with an internet connection to access financial services such as lending, borrowing, trading, saving, and investing—without the need for a centralized authority.
What is DeFi?
DeFi stands for Decentralized Finance, an ecosystem of financial applications built on blockchain networks, especially Ethereum. Unlike traditional finance (TradFi), which depends on intermediaries like banks and brokers, DeFi operates through smart contracts—self-executing contracts with rules coded into them.
Core Features of DeFi
Open AccessAnyone can use DeFi services with a crypto wallet—no need for credit checks or banking history.
PermissionlessThere’s no central authority controlling DeFi protocols. Anyone can develop or interact with DeFi applications.