What is DeFi?
DeFi refers to financial applications built on blockchain networks that operate without banks, brokers, or other centralized intermediaries.
Key DeFi Categories
- Lending: Aave, Compound
- Trading: Uniswap, Curve
- Staking: Lido, Rocket Pool
- Derivatives: GMX, dYdX
Benefits
- Permissionless access
- Transparent operations
- Self-custody of funds
- Composable protocols