Decentralized finance, or DeFi, is a movement that aims to create an open and transparent financial system that is accessible to anyone with an internet connection. Unlike traditional finance systems that rely on centralized institutions like banks, DeFi operates on blockchain technology, allowing users to interact with financial services without the need for intermediaries.

One of the key features of DeFi is its use of smart contracts, which are self-executing contracts with the terms of the agreement between buyers and sellers directly written into code. This eliminates the need for third-party intermediaries, reducing costs and speeding up transactions.

DeFi offers a wide range of financial services, including lending, borrowing, trading, and insurance, all without the need for a centralized authority. This gives individuals more control over their finances and opens up new opportunities for those who may not have had access to traditional banking services.

As the popularity of DeFi continues to grow, it is clear that this innovative approach to finance has the potential to revolutionize the way we think about money and investing.#25#