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. DeFi platforms are financial systems built on blockchain technology that operate without traditional intermediaries such as banks. They allow users to access a wide range of financial services, such as lending, borrowing, and trading, in a decentralized and permissionless manner.
Decentralized finance platforms allow users to access financial services without the need for traditional intermediaries like banks. Smart contracts on blockchains automate lending, trading, and other transactions, increasing efficiency and transparency.