Decentralized Finance (DeFi)
Decentralized finance (DeFi) is an expanding blockchain sector that provides peer-to-peer financial services and technologies on platforms like Ethereum, Cardano, Polkadot, and Solana. DeFi enables transparent, permissionless, trustless, and interoperable lending, investing, trading, and swapping. It emphasizes decentralized governance and aims for fair stakeholder ownership. DeFi platforms achieve composability by integrating features such as decentralized exchanges (DEXs), yield farming, liquidity tokens, and other innovations.