Decentralized finance: A New way of finance

In simple words, Decentralized finance is an upgraded version of our traditional finance system that is based on a public blockchain where assets represented in the network can be transferred automatically.

DeFi transactions are primarily based totally on secured ledgers on Dex. The Decentralized finance system operates on the platforms of DEx by having autonomous transactions by smart contracts. In Decentralized finance, the buying and selling of tokens is a high activity. Mostly it makes use of tokens which has a simple supply code written in solidity.

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