Decentralization Decentralized finance (DeFi) refers to an ecosystem of financial applications built on blockchain networks.
This module will explain what DeFi is and how it’s different from centralized finance (CeFi).

DeFi lets users access crypto financial services with just no more than a wallet with some crypto. A range of DApps facilitates lending, liquidity provision, swaps, staking, and more across many blockchains.

While Ethereum was DeFi's original home, most blockchains with smart contract capabilities now host DeFi DApps. Smart contracts are essential to the services DeFi offers, which include staking, investing, lending, harvesting, and more.

So far, DeFi has allowed people to optimize their yield, join decentralized marketplaces, access banking services, and engage in quick borrowing and lending. However, DeFi isn't without its risks, and you should always research any project carefully before taking risks.


Source - https://academy.binance.com/en/courses/track/beginner-track/decentralization/introduction-to-deFi

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