Decentralized Finance (DeFi) is a new financial system that enables the issuance of tokens, trading, lending, investing, and speculating in a way that is permissionless and completely distributed.

DeFi is a rapidly growing area of the cryptocurrency and blockchain space, with a wide range of applications and services being developed and used.

Some common examples of DeFi applications include decentralized exchanges, lending and borrowing platforms, stablecoins, and prediction markets. These applications are built on top of decentralized networks such as blockchain, and they use smart contracts and other tools to enable users to access a wide range of financial services in a decentralized and trustless manner.

One of the key advantages of DeFi is that it allows for greater accessibility, security, and transparency in the world of finance. Because DeFi applications are decentralized and trustless, they are not controlled by a single entity, and users can access financial services without having to go through intermediaries such as banks. Additionally, because DeFi applications are built on top of blockchain technology, they can offer increased security and transparency, as all transactions are recorded on the blockchain and are visible to all users.

Overall, DeFi is an exciting area of the cryptocurrency and blockchain space, with the potential to revolutionize the way that financial products and services are created and accessed.

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