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Crypto Glossary

Confused about crypto terms? We got you covered!

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DeFi (Decentralized Finance)

DeFi (Decentralized Finance) is a financial system built on blockchain technology. DeFi aims to create a financial system that is open and accessible to everyone. It provides financial services such as lending, borrowing, and trading without the need for intermediaries like banks. For example, many DeFi platforms are powered by smart contracts that enable peer-to-peer transactions.

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