25
Sep
The world of finance is undergoing a seismic shift, driven by a revolutionary concept known as Decentralized Finance, or DeFi. This transformative force is reshaping traditional financial systems and opening up a world of new possibilities. In this article, we will explore what DeFi is, how it works, and the profound impact it's having on the financial ecosystem. Understanding Decentralized Finance (DeFi) DeFi refers to a blockchain-based financial system that operates independently of traditional financial intermediaries such as banks, brokerages, or lending institutions. It leverages the power of blockchain technology and smart contracts to create a decentralized, transparent, and inclusive…