How does Decentralized finance (DeFi) Works?

DeFi applications also known as DApps (decentralized Apps) are used to run and handle transactions while funds remain stored on the blockchain. Peer to Peer transactions are one of the core premises behind Decentralized finance. The DeFi system operates on the platforms of DEx by having autonomous transactions intermediated by smart contracts. In DeFi the trading of tokens is the prime activity. Mostly it uses tokens which has the basic source code written in solidity.

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