With the
introduction of decentralized finance, also known as DeFi, the world of money
has undergone a paradigm shift. This new notion is upending existing financial
systems by giving individuals greater control over their assets and upsetting
the banking industry’s established conventions. In this article, we will look
at the rapid emergence of DeFi and its far-reaching implications for
traditional financial institutions.Decentralized
Finance: A New ParadigmDeFi is a
decentralized financial ecosystem based on blockchain technology that
eliminates the need for intermediaries such as banks…
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