Owise_x 🐱
@owiseweb3
What is DeFi? DeFi stands for Decentralized Finance a movement to recreate traditional financial services like lending, borrowing, trading, and earning interest but without banks or intermediaries. It runs on blockchain technology.
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Owise_x 🐱
@owiseweb3
How is DeFi different from Traditional Finance? In traditional finance (TradFi), banks and institutions control your assets. In DeFi, smart contracts (self-executing code) replace the middlemen. You interact directly using decentralized apps (dApps). Your keys = your funds.
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Owise_x 🐱
@owiseweb3
Core Features of DeFi Permissionless: Anyone with a crypto wallet can access DeFi. Non-custodial: You control your funds, not a third party. Transparent: All transactions are on public blockchains. Global: Accessible from anywhere in the world.
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