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Key Features of DeFi
✅ Decentralization: No central authority controls the system; all transactions occur on the blockchain.
✅ Global Access: Anyone with a crypto wallet and internet connection can use DeFi services.
✅ High Transparency: Smart contracts and transactions are recorded on the blockchain and can be viewed by anyone.
✅ User Control Over Assets: Unlike banks, users retain full ownership of their funds in DeFi.
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Main Use Cases of DeFi
1. Lending & Borrowing: Platforms like Aave and Compound allow users to lend or borrow assets.
2. Decentralized Exchanges (DEXs): Platforms like Uniswap and SushiSwap enable direct token swaps without centralized exchanges.
3. Yield Farming: Users can stake their assets to earn rewards.
4. Stablecoins: Projects like DAI provide decentralized stablecoins to reduce price volatility.
5. Derivatives & Prediction Markets: Platforms like Synthetix and Augur enable synthetic asset trading and market predictions.
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