Ether is the native cryptocurrency of the Ethereum blockchain that enables transactions and the execution of smart contracts.

In the context of DeFi, ETH is used as a means of exchange and as a store of value. It is often used to pay transaction fees and to provide collateral for DeFi lending and borrowing protocols.

Additionally, many DeFi applications are built on top of the Ethereum blockchain, so using ETH allows users to access and interact with these applications.

Overall, ETH plays a central role in the DeFi ecosystem by providing a foundation for many of the protocols and applications that enable decentralized financial services.

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