Category: Decentralized Finance
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What Is Decentralized Finance (DeFi) and How Does It Work?
Decentralized finance, abbreviated DeFi, denotes a peer-to-peer monetary network that relies on distributed ledgers and cryptographic tokens to let individuals, companies, or autonomous programs exchange value without the participation of custodial institutions. The governing objective of DeFi is to displace banks, brokers along with clearinghouses, thereby compressing settlement latency and trimming fee schedules. In the…
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