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== What is DeFi? == DeFi refers to a collection of financial applications and services that run on decentralized networks, primarily using blockchain technology. These applications aim to recreate and improve upon traditional financial systems, such as lending, borrowing, and trading, but in a more open, transparent, and permissionless manner. Key features of DeFi include: * '''Decentralization''': No central authority controls the system. * '''Transparency''': All transactions are recorded on a public blockchain. * '''Accessibility''': Anyone with an internet connection can participate. * '''Interoperability''': DeFi applications can work together seamlessly.
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