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Question

Decentralized finance what it is why it matters?


Answers (1)

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Arsalan Afzal
Feb 21, 2022 06:59:49

Decentralized finance (DeFi for short) is a new category of financial applications that exists on top of public blockchains. These applications are built on the premise of decentralization and trustlessness, which allows for far greater efficiency and security than traditional financial systems. DeFi applications have the potential to revolutionize how we interact with money and finance. Some of the key benefits include: – Increased transparency and liquidity – Faster, cheaper, and more reliable transactions – Greater economic inclusion for everyone

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