The adoption of blockchain technology in finance and the spread of decentralized financial services is shaping a new world called Decentralized Finance (DeFi). This world is characterized by global accessibility of financial services, safe transactions, low transaction prices, and the latest DeFi trends revolving in the market.

1. Guide to understanding
benefits of DeFi

2. Introduction
Decentralized finance is rapidly rising in popularity as a way to provide
financial services outside of the traditional banking system. The adoption
of blockchain technology in finance and the spread of decentralized
financial services is shaping a new world called Decentralized Finance
(DeFi). This world is characterized by global accessibility of financial
services, safe transactions, low transaction prices, and the latest DeFi
trends revolving in the market.

3. What is decentralized finance – DeFi?
Decentralized finance or DeFi is a monetary system that is built
on public blockchains. The components of open finance consist of
protocols, digital assets, dApps (decentralized applications),
and smart contracts, which are built on blockchain.

4. Benefits of DeFi
Traditional banks are administrative in nature and expensive to run. The
process for transactions takes time and has removed numerous individuals
out of the financial framework because of their rigid rules and requirements.
DeFi came to settle a large number of these issues. Some of its key
benefits are listed below:
● Permission-less
● Interoperability
● Transparency
● Finance control
● Innovation opportunity
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