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What is DeFi? An Explainer

Definition DeFi stands for decentralized finance. How it works DeFi protocols run on smart contracts.

Key takeaways

  • DeFi stands for decentralized finance.
  • DeFi protocols run on smart contracts.

Definition

DeFi stands for decentralized finance.

How it works

DeFi protocols run on smart contracts.

General information only — not investment advice. TheWeal is an independent crypto data and education publisher. Nothing here is a recommendation to buy or sell any asset. Crypto carries risk, including the possible loss of principal. Read our disclaimer and editorial guidelines.