DeFi platforms are decentralized financial services that allow users to access traditional financial activities such as lending, borrowing, trading, and saving without relying on intermediaries like banks. Built on blockchain technology, these platforms use smart contracts to automate processes and ensure transparency. Popular DeFi platforms include Uniswap, MakerDAO, and Compound. These platforms offer users greater control over their assets, low fees, and higher interest rates while enabling seamless global access to financial services in a decentralized, trustless environment.
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