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Decentralized Finance (DeFi)

Crypto slang, DeFi term, Technology

Defenition: Decentralized Finance (DeFi) is a term used for services hosted on blockchains that allow users to interact without any intermediaries.

Decentralized Finance (DeFi) is a popular term used for services hosted on public blockchains that allow users to interact without any intermediaries. There are many DeFi products and applications that are built that enable users to buy, sell, trade and store assets without any banks, exchanges or centralized entities getting involved.

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