Decentralized Finance, or DeFi, is changing how people access financial services. Built on the blockchain network, it allows users to lend, borrow, trade, and even save without any intermediaries like middlemen or banks. In this article, gain deep insights into its functionalities, features, legal concerns, benefits and risks, and much more.
The idea of DeFi was to establish a financial system that was accessible, open, and transparent, so that people did not need banks or middlemen. Although DeFi began with smart contracts in 2015, it gained traction after 2017 when developers thought up new ways in which DeFi coul…
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