How DeFi Platforms Work: A Deep Dive into Decentralized Systems
Decentralized finance, or DeFi, refers to financial services built on public blockchains and run largely through smart contracts instead of centralized intermediaries. In practice, DeFi platforms let users lend, borrow, trade, earn yield, and manage digital assets directly from self-custodied wallets. Coinbase defines DeFi as an umbrella term for peer-to-peer financial services on public...
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