DeFi, or Decentralized Finance, leverages blockchain networks to offer financial services directly between participants, eliminating the need for centralized authorities. By employing smart contracts, DeFi platforms enable activities such as cryptocurrency swaps, lending, and instant loans against crypto holdings. DeFi aims to migrate conventional financial tools—including loans, bonds, stocks, and futures—onto blockchain networks, thereby reducing reliance on traditional intermediaries like banks and exchanges. The transparency of smart contracts allows public scrutiny of all governing rules, fostering a more inclusive and efficient financial ecosystem.

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