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Understanding Decentralized Finance (DeFi)
Decentralized finance, or DeFi, is a new digital ecosystem that allows people to send, purchase, and exchange financial assets without relying on traditional banks, brokerages, or exchanges. By eliminating intermediaries, DeFi aims to make financial transactions more direct, faster, and potentially more secure. This innovation could revolutionize the way we handle financial products, offering a new horizon for financial technology.