directly with each other without the need for a centralized exchange. Popular DEXs include Uniswap, SushiSwap, and Balancer. 2. Lending and Borrowing: DeFi platforms like Compound Finance and Aave al...
cryptocurrency: In order to invest in DeFi projects, you will need to have some cryptocurrency to use. You can buy cryptocurrency through a cryptocurrency exchange or by using a decentralized exchange...
any interruptions or restrictions. 2. Standardized protocols: Many DeFi projects adhere to standardized protocols and smart contract standards, such as ERC-20 for tokens on the Ethereum network. By u...
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that automatically execute when certain conditions are met. This allows for the automation of various financial transactions, such as lending, borrowing, trading, and asset management, without the nee...
Created on: 2024-09-03 09:13:45