A Token is an entry on a blockchain that can represent a cryptocurrency or any other type of physical or digital asset.

In the context of decentralized finance (DeFi), a token is a digital asset that is used to represent value within a DeFi protocol or application.

Tokens are an essential part of the infrastructure of DeFi, as they provide a way for users to store, transfer, and trade value within the DeFi ecosystem. Many DeFi protocols and applications use their own native tokens, which are used to facilitate transactions and to provide access to the features and services offered by the protocol or application.

There are several different types of tokens, each with its own unique features and characteristics. Some tokens, such as utility tokens, are designed to provide access to specific services or functions within a protocol or application. Other tokens, such as stablecoins, are designed to maintain a stable value and are often pegged to a specific asset, such as a fiat currency or a commodity.

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