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Defi | Decentralized Finance Explained (A Superior Financial System)
Defi stands for decentralized finance. Think of all the traditional financial services like borrowing and lending, investing and trading, derivatives, and insurance except much faster and without a middleman! That’s DeFi in a nutshell. It’s permissionless, open, and noncustodial.
Permissionless meaning anyone with an internet connection and crypto wallet can participate. No one has to know your identity or who you are. Open meaning DeFi platforms and companies are built entirely open-source. Everything is transparent from the lending and borrowing to the investing and trading. Anyone can look at the code and even build on top of it to help power these platforms! Noncustodial means you have complete ownership of your money instead of a 3rd party or exchange.

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Additional Resources:
https://ethereum.org/en/defi/
https://nakamoto.com/beginners-guide-...
https://new.ingwb.com/binaries/conten...
https://defipulse.com/blog/what-is-de...
https://www.forbes.com/sites/philipps...
https://www.thedechained.com/defi-vs-...
https://decrypt.co/resources/what-are...