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What is DeFi?

DeFi is short for decentralized finance, and it represents a variety of applications and/or projects in the blockchain space geared toward disrupting the traditional finance world.

Inspired by blockchain technology, that started with Bitcoin, DeFi is referred to as financial applications, typically using smart contracts. Smart contracts are automated enforceable agreements that do not need intermediaries to execute and can, publicly, be accessed by anyone.

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