#328 new

What is DeFi?

Reported by bessiejoans | January 6th, 2021 @ 01:37 AM

DeFi is Decentralized Finance, and It is an open-source financial ecosystem that allows the user to authorize their digital transactions. DeFi is a Blockchain-powered application that is exclusively run on the blockchain network.

Key Features of DeFi

· Highly Efficient · Permissionless · Limitless · Eliminate Geographical Barriers · Complete Control Over Digital Assets

DeFi allows users to authorize their financial transactions and digital assets. It is an Ecosystem built on a Decentralized method and blockchain-powered application that mainly works with the smart contract for lending and borrowing the assets on the liquidity pools.
Decentralized Finance (DeFi) is being developed on platforms like Ethereum, EOS, TRON, and IOST.
Get more info>DeFi Development Company

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