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DeFi is short for Decentralized Finance. Decentralized Finance includes digital assets, protocols, smart contracts, and dApps built on a blockchain.
DeFi aims to create a financial system that’s open to everyone and minimizes one’s need to trust and rely on central authorities. Technologies like the internet, cryptography, and blockchain give us the tools to collectively build and control a financial system without the need for central authorities.
DeFi has the opportunity to bring about a more resilient and transparent financial system. Anyone with an internet connection is able to access and interact with smart contracts built on the Ethereum blockchain.
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