{"id":635004,"date":"2025-03-12T16:11:54","date_gmt":"2025-03-12T16:11:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=635004"},"modified":"2025-03-12T16:11:54","modified_gmt":"2025-03-12T16:11:54","slug":"what-is-decentralized-finance-defi","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/crypto\/what-is-decentralized-finance-defi","title":{"rendered":"What is Decentralized Finance (DeFi)"},"content":{"rendered":"

Decentralized finance, also known as DeFi, is a financial system that doesn’t depend on banks, brokers, or other middlemen like traditional finance systems. Instead, it uses blockchain technology to let people handle their finances directly with each other. You can borrow, lend, trade, or earn interest on your crypto without needing a bank account or asking for permission from anyone.<\/p>\n

On this page, we will explain decentralized finance, how it works, and how you can be part of it.<\/p>\n

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Key Takeaways:<\/strong><\/p>\n