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DeFi (Decentralized Finance) uses blockchain technology, smart contracts, and cryptocurrencies to provide financial services without intermediaries like banks. Here are the key components used in DeFi: 1. Blockchain Networks Ethereum – The most widely used blockchain for DeFi applications. BNB Chain, Solana, Avalanche, TON – Other popular networks offering DeFi services. 2. Smart Contracts Self-executing contracts that automate transactions and remove the need for intermediaries. Examples: Uniswap’s liquidity pools, Aave’s lending protocols. 3. Cryptocurrencies & Stablecoins ETH, BNB, SOL, MATIC – Used for transactions and governance in DeFi protocols. Stablecoins (USDT, USDC, DAI) – Used to reduce volatility in DeFi trading and lending. 4. DeFi Protocols & Applications Decentralized Exchanges (DEXs) – Uniswap, PancakeSwap, Curve. Lending & Borrowing – Aave, Compound, JustLend. Yield Farming & Staking – Year