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Onchain Economics

Decentralized Finance(DeFi)

Financial services built on blockchain technology that operate without traditional intermediaries.

In-Depth Explanation

DeFi encompasses lending, trading, derivatives, insurance, and more—all through smart contracts. Key properties: permissionless access, self-custody, transparency, and composability. DeFi enables 24/7 global markets but introduces smart contract risk and can be complex to use safely.

Related Terms

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