DeFi, short for Decentralized Finance, refers to a movement aimed at creating an open financial system that is accessible to everyone and operates without intermediaries such as banks. DeFi is built on top of blockchain technology and offers a range of financial services, including lending, borrowing, trading, and asset management, that are accessible to anyone with an internet connection. DeFi aims to provide transparency, security, and financial inclusion by using decentralized protocols and smart contracts to automate financial transactions.
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