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decentralized finance

Decentralized Finance

 July 16, 2022

Decentralized Finance (DeFi) democratizes finance by replacing legacy, centralized institutions with peer-to-peer relationships that can provide a full spectrum of financial services, from everyday banking, credits, and mortgages, to complicated contractual relationships and asset trading. It takes the key components of the work done by banks, exchanges, and insurers today like lending, borrowing, and trading, and shifts the baton to individuals who have the required expertise.

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