Mar 1, 2025
Ibiam Wayas
DeFi or decentralized finance is an umbrella term that applies to an array of crypto and blockchain applications.
DeFi is purposed towards dethroning centralized financial powers like exchanges such as Binance, Coinbase, etc., wallets, lending platforms, and many others.
DeFi is another aspect of the crypto industry that aims to draw a stark difference in centralized banks’ norms.
The primary difference between DeFi and CeFi is custodial methods. Decentralized finance provides financial control to users, while CeFi does not.
Some exchanges of DeFi protocols are Uniswap, a decentralized exchange; Aave, a decentralized lending platform; dYdX, a decentralized trading platform.
With the introduction of more dApps, the DeFi ecosystem grows and becomes a more efficient market.
You can earn money in DeFi by participating in various ways, such as lending, trading, or providing liquidity.
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