A Cryptoasset is a digital asset that is secured using cryptography and tracked via a blockchain.

In the context of decentralized finance, or DeFi, cryptoassets are often used as collateral to secure loans or other financial instruments, or as the underlying asset for financial products and services.

Some common examples of cryptoassets that are used in DeFi include cryptocurrencies such as Bitcoin and Ether, as well as other types of digital assets such as stablecoins and non-fungible tokens (NFTs). These assets can be used in a variety of ways in DeFi, such as to secure loans, create custom financial products, or as the underlying asset for decentralized exchanges and other financial services.

Overall, cryptoassets play a crucial role in the DeFi ecosystem, providing the underlying infrastructure and assets that are needed to enable a wide range of financial applications and services.

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