What Is DeFi (Decentralized Finance)?

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DeFi stands for Decentralized Finance — a new way to use financial services without banks or middlemen.

🏦 What Can You Do with DeFi?

  • Earn interest by lending crypto

  • Borrow funds without credit checks

  • Swap tokens instantly

  • Trade on decentralized exchanges (DEXs)

  • Stake or farm for rewards

🔗 How It Works

DeFi runs on smart contracts — self-executing code on blockchains like Ethereum, Solana, and BNB Chain.

💡 Benefits

  • No KYC needed

  • Full control over your funds

  • Higher yields than traditional banks

⚠️ Risks

  • Smart contract bugs

  • High gas fees

  • Rug pulls and scams

DeFi puts the power of finance into your hands — but with power comes responsibility.

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