DeFi is… described by Bing
DeFi stands for Decentralized Finance. It is a term used to describe an ecosystem of open-source technologies and financial products that operate outside of the traditional financial system without the need for intermediaries1. DeFi aims to create an open-source, permissionless, and transparent financial system that is accessible to everyone1. It allows people to lend, borrow, trade, and invest without intermediaries like banks or other financial institutions1. DeFi has been growing rapidly over the past few years and has become one of the most popular use cases for blockchain technology1.
DeFi is… described by Bing DeFi stands for Decentralized Finance. It is a term used to describe an ecosystem of open-source technologies and financial products that operate outside of the traditional financial system without the need for intermediaries1. DeFi aims to create an open-source, permissionless, and transparent financial system that is accessible to everyone1. It allows people to lend, borrow, trade, and invest without intermediaries like banks or other financial institutions1. DeFi has been growing rapidly over the past few years and has become one of the most popular use cases for blockchain technology1. web3
DeFi is… described Bing DeFi stand Decentralized Finance term used describe ecosystem opensource technology financial product operate outside traditional financial system without need intermediaries1 DeFi aim create opensource permissionless transparent financial system accessible everyone1 allows people lend borrow trade invest without intermediary like bank financial institutions1 DeFi growing rapidly past year become one popular use case blockchain technology1 web3