DEFI: A REVOLUTION IN DECENTRALIZED FINANCE
Decentralized Finance, or DeFi, is redefining the financial landscape. Built on blockchain, DeFi sidesteps traditional intermediaries like banks and brokers, offering a more democratized financial ecosystem.
Key Features of DeFi: Open Access: DeFi is available to anyone with an internet connection, democratizing financial access. 1. Custodial Freedom: Users maintain control of their assets via digital wallets, bypassing traditional banking systems. 2. Interoperability: DeFi apps can seamlessly integrate, enabling a tailored financial experience. 3.
Through smart contracts, DeFi automates and innovates financial transactions, offering new methodologies for earning, borrowing, lending, and trading assets. Yet, with innovation comes risk, emphasizing the need for user vigilance.
ISSUE 3 | DECENTRALIZED FINANCE & CENTRAL BANK DIGITAL CURRENCIES
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