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What is Defi?

The formation with the potential to create new financial markets, services and products, Decentralization Finance, or Decentralized Finance, specified as DeFi. This financial application built on blockchain networks has a wide ecosystem. This financial application built on blockchain networks has a wide ecosystem. To give a clear answer to the question of “What is Defi?”, it would be correct to say transparent financial service flow, which is a resource that is open to everyone.

Advantages of DeFi

"What is Defi and its place in the cryptocurrency market?" to answer such questions, it is necessary to examine the advantages of DeFi.

 The advantages that DeFi provides to its users are as follows;

  • Users can control their assets themselves.
  • It provides ease of access to financial services.
  • No referee is required to resolve disputes between the parties. The codes are arranged to solve all kinds of problems.
  • It provides access to people who have problems in accessing financial services.

DeFi is an important trend that enables individuals to receive financial services in a wide area by reducing costs.

Why DeFi is Trend?

Bitcoin and ethereum are among the cryptocurrencies preferred by many users for years. DeFi, which has gained popularity recently, especially contributes greatly to new projects.

Decentralized Finance (DeFi) provides financial access to users who need a reliable agent. It is located in a full-fledged capital market valley as it is also strengthened by blockchain technology. One of the features of DeFi is that it provides access to financial services to people with transportation disabilities. Today, ambitious initiatives have been taken with DeFi to decentralize financial use in requirements such as trading, lending, credit and budget management.