DeFi (Decentralized Finance) represents an innovative approach to the financial industry, allowing a broader range of people to access various financial services and participate in the ecosystem without relying on traditional intermediaries such as banks or insurance companies.
DeFi operates on the blockchain, providing transparency, security, and immutability of transactions.
DeFi finds applications in various areas:
Loans and credits: Users can lend or borrow money without involving banks through decentralized credit protocols.
Exchange of digital assets: DeFi offers decentralized platforms for exchanging cryptocurrencies and tokens.
Liquidity and staking: Participants can provide their funds to liquidity pools and earn commissions or participate in staking to receive rewards.
Decentralized financial products: Creation and use of various financial instruments such as options, futures, and other derivatives based on smart contracts.
Insurance: Providing insurance services for cryptocurrencies and decentralized assets.