trading, users can choose their swap partner, which can be another individual or a decentralized exchange (DEX). DEXs are platforms that facilitate peer-to-peer trading of cryptocurrencies without the...
directly written into the code. These contracts automatically enforce the terms of the agreement without the need for intermediaries, providing security, transparency, and efficiency in conducting tra...
financial products and services that allow users to access traditional banking services without the need for intermediaries. Some of the key DeFi products include loans, staking, and yield farming. 1...
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or manipulation by centralized authorities. 2. Transparency: DeFi platforms are built on blockchain technology, providing full transparency to investors. All transactions are recorded on the blockcha...
Created on: 2024-09-04 15:00:53