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== How Does DeFi Work? == DeFi relies on '''smart contracts''', which are self-executing contracts with the terms of the agreement directly written into code. These smart contracts run on blockchain platforms like Ethereum, enabling the creation of decentralized applications (dApps). Popular DeFi use cases include: * '''Lending and Borrowing''': Platforms like Aave and Compound allow users to lend their crypto assets and earn interest or borrow assets by providing collateral. * '''Decentralized Exchanges (DEXs)''': Platforms like Uniswap and SushiSwap enable users to trade cryptocurrencies directly without intermediaries. * '''Stablecoins''': Cryptocurrencies pegged to stable assets like the US dollar, providing a less volatile option for trading and saving. * '''Yield Farming''': Users can earn rewards by providing liquidity to DeFi protocols.
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