DeFi platforms are decentralized applications built on blockchain networks that provide financial services without intermediaries, such as banks or brokers. These platforms allow users to engage in lending, borrowing, trading, and yield farming, all while maintaining full control over their funds. DeFi platforms utilize smart contracts to automate and secure transactions, offering users the ability to access financial services globally. By eliminating middlemen, DeFi platforms promote financial inclusion, reduce transaction fees, and increase transparency, offering new opportunities for decentralized economic participation.
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