DeFi (decentralized finance)
DeFi is financial services such as trading, lending and saving run by smart contracts instead of banks.
Why it matters
Anyone with a wallet can use it, but there is no customer support if something goes wrong.
Compare DeFi yieldsRelated terms
Smart contractA smart contract is a program on a blockchain that runs exactly as written when its condit…DEX (decentralized exchange)A DEX lets you trade tokens straight from your wallet through smart contracts, with no acc…Total value locked (TVL)TVL is the value of crypto deposited in a DeFi protocol or chain.…
Written by the VaultX AI team. Educational only, not investment advice.
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