Decentralised

DeFi (Decentralized Finance) is the concept of a decentralized financial system where there are open and decentralized alternatives to the closed centralized financial system. DeFi dapps use technologies like blockchain and smart contracts to offer financial services more transparently with fewer intermediaries. This allows for reduced fees, financial innovation, and greater access to financial services for consumers. [1] [2] [3]Everipedia, r. date of entry.