DeFi

TradingKeyTue, Apr 15

DeFi stands for "decentralized finance" and describes a network of protocols, digital assets, smart contracts, and decentralized applications (dApps).

Its primary goal is to decentralize conventional financial services through blockchain technology, offering users open and accessible financial services such as obtaining loans, lending, trading, insurance, and more.

Essentially, with DeFi, you can perform tasks that typically required a financial services company, such as earning interest on your savings, borrowing, lending, purchasing insurance, trading assets, and more—all without the involvement of any financial services institution.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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