DeFi stands for "Decentralized Finance," and it refers to a new type of financial system that operates on a decentralized, peer-to-peer blockchain network. In traditional finance, financial institutions such as banks and brokerages act as intermediaries between parties to facilitate transactions and manage assets. However, DeFi aims to eliminate intermediaries and create a more transparent and accessible financial system through the use of blockchain technology. DeFi applications provide a wi...
