Decentralized finance—often called "DeFi"—refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain. With DeFi, anyone with an Internet connection can access financial products and services that are fast, efficient, and secure. The decentralized nature of DeFi also makes it more resistant to censorship and fraud. Because there is no central point of control, it is very difficult for anyone to block payments or deny access to services. Additionally, all DeFi applications are open source, meaning that anyone can inspect the code to ensure that it is secure and functioning as intended.
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