DeFi (Decentralized Finance)
DeFi
Open financial protocols built on blockchains.
DeFi is a set of open protocols for trading, lending, and more. You use a wallet to interact directly with contracts. This removes intermediaries but shifts responsibility to you. Learn the basics, use audited apps, and keep good records.
Frequently asked questions
What makes DeFi different from CeFi?
Users keep control of keys and interact with open contracts. Anyone can build on top, which speeds innovation.How do I use DeFi safely?
Start small, verify contracts, set tight approvals, and track positions in a portfolio tool. Learn how to revoke approvals.What risks should I know?
Smart contract bugs, oracle failures, and governance attacks. Diversify and use audited products with clear controls.