Self-executing code on a blockchain that automatically enforces agreement terms.
Blockchain
On this page
What is a Smart Contract?
A smart contract is a program stored on a blockchain that automatically executes when predetermined conditions are met. They power all DeFi applications.
How They Work
Smart contracts are immutable once deployed. They can hold funds, execute trades, and interact with other contracts without intermediaries.
Smart Contract Risks
Bugs can lead to fund loss
Immutability means bugs can't be easily fixed
Audits reduce but don't eliminate risk
Put this term to work. Browse live yield data.
Track live yields, compare protocols, and build your DeFi portfolio with Fensory.