DeFi (Decentralized Finance)
A financial ecosystem of decentralized applications built on open blockchains that provide banking, lending, and trading services without traditional intermediaries.
In-Depth Explanation
DeFi replaces loan officers, brokers, and clearinghouses with automated smart contract logic that executes transparently on-chain.
Practical Market Example
Real-World Application
A user deposits stablecoins into Aave to borrow Ether against collateral without credit checks or paperwork.