DeFi (Decentralized Finance) is the merger of the traditional bank service with decentralized technologies. DeFi can also go under the name open source due to its inclusive format. These services include items such as saving & checking accounts, loans, asset trading, insurance, and more.
DeFi is commonly applied in many use cases. Here are the top-listed use cases of Decentralized Finance:
1. Borrowing & lending
3. Asset management
5. Identity management
6. Decentralized Crypto Exchange.
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