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DeFi

Privacy

Security Audit Crypto Wallet Smart Contract Web3

Financial services built on blockchains.

Definition

DeFi (decentralized finance) is finance-like services (trading, lending) running on blockchains using smart contracts.

In plain English Financial services built on blockchains.

Why this matters

Why it matters: Transactions can be public and traceable; bugs or scams can also cause losses.

Example

Example: A DeFi app lets you swap tokens using a smart contract.