This section provides information on DeFi (decentralised finance).
DeFi includes DEX (decentralised exchange), a widely used state-of-the-art service.
What is DeFi (decentralised finance)?
Decentralised finance is a peer-to-peer system enabled by decentralised technology built on blockchain, instead of the traditional centralised financial system.
This new system of finance allows users to access lending and borrowing platforms, stablecoins and exchanges without the need for traditional financial intermediaries through the use of decentralised applications (DApps).
To use DeFi (decentralised finance), users connect and use a Web3 wallet.
With DeFi (decentralised finance), you can take out loans and trade virtual currency without having to use a bank or exchange.