What is DeFi?
Decentralized Finance employs blockchain technology to eliminate intermediaries and centralized organizations from financial transactions. Defi, or decentralized finance, allows users to move and receive money as well as purchase financial assets without the intervention of a central authority.
DeFi Use Cases for 2024
Defi is being used by a variety of enterprises for some of its most promising use cases. Here are some of the most popular DeFi usage cases right now.
- DeFi Asset Management
- DeFi Loans and Borrowing
- Decentralized Exchange Stablecoins
- DAO (Decentralised Autonomous Organisation)
- DeFi Tokenization
- DeFi staking
- DeFi Prediction Market
- DeFi Wallet
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