DeFI

What is DeFi in cryptocurrency in simple terms: relevant articles?

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What is DeFi?
DeFi (Decentralized Finance) is a new financial system that works on the basis of blockchain technology. It allows users to access financial services without having to contact banks or other financial institutions. How does DeFi work? DeFi uses smart contracts-programs that automatically fulfill the terms of a transaction when certain conditions are met. This makes the process more transparent and secure. Users can take out loans, lend money, exchange currency, and even earn interest on their
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