Decentralized Finance (DeFi) is an ecosystem of financial applications built on blockchain networks. Instead of relying on banks or intermediaries, DeFi uses smart contracts and peer-to-peer (P2P) protocols to provide open, transparent, and trustless financial services.

Key areas of DeFi include:

• Stablecoins and digital banking services

• Lending and borrowing platforms

• Decentralized exchanges (DEXs), derivatives, and tokenization tools

DeFi enables anyone with a crypto wallet to access financial services globally, reducing costs, improving security, and eliminating traditional barriers. By shifting finance to open-source and decentralized systems, DeFi creates a more inclusive and efficient digital economy.