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What is decentralized finance (DeFi)?
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Written by Avalanche
Updated over a week ago

Decentralized finance (Defi) refers to an ecosystem of digital assets, smart contracts, protocols, and decentralized apps (dApps). DeFi specifically sets out to re-architect traditional financial services using blockchain technology and provides users with open, accessible financial services such as lending, asset trading, prediction platforms, insurance, and more.

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