Decentralized Finances (DeFi)
Decentralized Finances (DeFi)
Decentralized Finance (DeFi) is the automatic evolution of cryptocurrencies. Through them, you are able to make loans, financing, and other contracts in a fully digital and secure manner through blockchains.
DeFi use smart contracts to function. Basically, they work like the products found in banks. However, you do not need a financial institution to perform them.
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