What is decentralized finance (DeFi)?

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Decentralized finance (DeFi) is a new direction in the world of finance that allows users to perform financial transactions without the involvement of traditional banks or financial intermediaries. DeFi is based on blockchain technologies, which ensure transparency, security, and accessibility for all network participants. DeFi offers services such as lending, asset exchanges, insurance, and more, using smart contracts. This opens up new opportunities for investors and users worldwide, making finance more accessible and democratic.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.