Decentralized Finance (DeFi): The emergence of decentralized financial systems built on blockchain, including lending platforms, decentralized exchanges, yield farming, and liquidity pools.

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Blockchain, Cybersecurity, Technology

The emergence of decentralized financial systems built on blockchain, such as lending platforms, decentralized exchanges, yield farming, and liquidity pools, is transforming the world of finance. [[1](https://www.masterclass.com/articles/defi)] DeFi, or decentralized finance, is ushering in a new era of openness and trust-less transactions. [[2](https://www.investopedia.com/decentralized-finance-defi-5113835)] Through this new technology, users can access a wide array of financial services and products without relying on determined authorities. [[3](https://www.fastcompany.com/90662877/decentralized-finance-defi-risks-and-rewards)]