@tanqiying44
DeFi refers to financial services built on blockchain, eliminating intermediaries like banks. Platforms like Uniswap and Aave allow users to lend, borrow, or trade assets peer-to-peer. DeFi relies on smart contracts for automation and transparency. Despite its potential, DeFi carries risks like smart contract bugs and regulatory uncertainty. The total value locked (TVL) in DeFi has grown exponentially, showcasing its disruptive potential.
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