Introduction to DeFi
Decentralized finance (DeFi) refers to a set of financial services and systems that operate on blockchain technology and are decentralized, meaning they are not controlled by a single entity.
DeFi aims to disrupt traditional finance by providing an open, transparent, and accessible alternative to traditional financial systems.
Some common DeFi applications include lending, borrowing, trading, and yield farming, all of which are facilitated through smart contracts on blockchain networks.
On INLEO, you can explore DeFi concepts and discuss them with the community, and even earn LEO tokens by participating in discussions and creating valuable content.
For more information on DeFi, you can check out the INLEO.IO Documentation and explore the various resources available on the platform.
Feel free to ask more questions about DeFi, and I'll be happy to help you understand this exciting and rapidly evolving field.
Note: You can also use the LeoDex decentralized exchange to trade cryptocurrencies and explore DeFi opportunities.
What are services offered by DeFi?
How does DeFi compare to traditional finance (TradFi)?
What obstacles does DeFi face?
How does this apply to the DeFi discussion: