DeFi are essentially just smart contracts-lines of code that define a set of conditions and actions. In a cryptocurrency, smart contracts are carried out on the blockchain. Currently the Ethereum blockchain is the most used to create smart contracts, in general.

1. What are the characteristics of
DeFi

2. Feature of DeFi
Non-manipulating - It is ensured that they cannot be
abused or manipulated in favour of one of the parties by being
connected into a blockchain. The smart contract can only be
removed if the function is activated after it has been published
on the blockchain.

3. Feature of DeFi
No third parties - Its operation doesn't need dependable
outside parties to confirm what is taking place. The blockchain
itself, especially the validators and mining nodes, verifies the
transaction.
Security - A blockchain's consensus procedures and
encryption give another layer of protection. The risk of
tampering is eliminated since each node maintains a copy of
the smart contracts (just as they do with the blockchain).

4. Feature of DeFi
Accessible - Being reachable from any location in the world
is one of DeFi Development's qualities. This enables access to
a more adaptable and flexible economic system for those who
are not permitted or unable to use conventional financial
systems.
Transparency - Due to the fact that DeFi transactions are
based on blockchain technology, they are all easily auditable.
All of the motions are visible.

5. Feature of DeFi
Decentralization - Because they are kept on the
blockchain, their operation is decentralised and not constrained
by national or regional laws. Once deployed, they operate
automatically and autonomously.
Open Source - Since DeFi Token Development is built on
open source, anybody may study it and confirm that there are
no security flaws. You may also download, use, and alter this
code for use in other apps.