@aa----

It's not just about crypto; it's a platform for building decentralized applications (dApps). Think of it like the App Store, but for finance. On this platform, developers are building everything from decentralized exchanges (DEXs) – think of them as open-source, permissionless stock exchanges – to lending platforms where you can earn interest on your crypto, to stablecoins that are pegged to the value of a fiat currency like the US dollar.. . The beauty of DeFi is its transparency and accessibility. Transactions are recorded on a public, immutable ledger (the blockchain), so everyone can see them. This makes it harder to manipulate the system, reducing the risk of fraud and corruption. Plus, it's often borderless, meaning you can access financial services regardless of where you are in the world, without needing a bank account or going through a traditional financial institution.. . However, it’s not all sunshine and rainbows. DeFi is still relatively new and experimental.

0 reply

0 recast

0 reaction