TLDR
Decentralized Applications (DApps) work in the way that regular apps would, but they are entirely decentralized and without a centralized control based on one single entity. DeFi is an open system of finance, which through. technology, allows for the facilitation of financial services from peer-to-peer and gives people full control of their. assets. There are various types of DApps in existence, catering to the many different needs of users. There is only a minimal risk of the over-collateralization of the. assets not being repaid.via the TL;DR App
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