Are you new to DeFi tokens, ecosystems and protocols? We got your back with our beginner-friendly comprehensive guide to decentralized finance.
Decentralized finance (DeFi) is a sector within the cryptocurrency industry focused on providing decentralized financial services.
Decentralized applications, or DApps, are essentially blockchain-based smart contract-powered versions of apps popularized by the Ethereum network.
Decentralized exchanges, also known as DEXs, are peer-to-peer marketplaces where cryptocurrency traders make transactions directly without handing over management of their funds to an intermediary or custodian.