What is Decentralized Finance [Defi]? - Just News

 

Hi, their

Today we talk about Decentralized Finance.

Decentralized Finance is a smart contract deployed in the blockchain & it has auto functionality to interact with the user.

The internet user uses web3 to make the connection between their wallet & Decentralized Finance.

Web3: kind of protocol connect wallet with a Smart Contract.

The following functionality has Decentralized Finance.

• Stacking user funds
• Swapping Cryptocurrencies
• Lending funds
• Liquidity mining
• Farming

Benefits of Decentralized Finance

• No third party
• Safety
• Secured
• Decentralized

It's all about Decentralized Finance. I hope you all understand & learned something new about Decentralized Finance.

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