Claim Giveaway Token

Decentralized Finance (DeFi)

The term "Decentralized Finance" refers to an existing global financial system that does not rely on centralized financial coordinators. Instead of using banks, commerce, or businesses to provide financial products and services, DeFi uses smart non-human smart contracts that compile code to create agreements between users. DeFi applications use open source code, blockchain technology, and cryptography, allowing anyone with an internet connection and device to transfer funds. Currently, the top leading DeFi application platform is the Ethereum blockchain. This type of financial dApp has a selection of key components, including stablecoin, exchange (dex), financial markets, insurance, and Synthetix.