Decentralized finance (commonly known as DeFi) is a form of blockchain-based finance that does not depend on central financial intermediaries such as brokers, exchanges or banks to provide financial services. traditional financial instruments, which instead use smart contracts on the blockchain.
The DeFi platform allows anyone to lend or borrow from others, speculate on price movements on a wide range of assets using derivatives, trade cryptocurrencies, hedge against risk, and earn interest in savings-like accounts. DeFi uses a layered architecture and highly composable building blocks. Introducing DeFiFarms — A new revolution in the Defi space.