TLDR
Decentralized finance (DeFi) is the term used in the crypto world for financial services based on blockchain technology. With DeFi, you can freely access most of the services supported by banks such as interest earning, lending, buying insurance, borrowing, buying and selling assets. DeFi is faster than traditional financial technologies and does not require cumbersome paperwork or third parties as it is based on decentralized blockchain technology that is fair and transparent. There are some remarkable differences between traditional finance and DeFi which are as follows: There are so many attractive features that DeFi offers to you.via the TL;DR App
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Written by induction | Die-Hard fan of Nikola Tesla.
