DeFi (Decentralized Finance) refers to financial services and products built on blockchain technology — without banks or intermediaries.
How DeFi Differs from Traditional Finance
| Traditional Finance | DeFi |
|---|---|
| Banks hold your money | You hold your own assets |
| Bank approves transactions | Smart contracts execute automatically |
| Limited to business hours | Available 24/7 |
| Requires ID and credit history | Open to anyone with a wallet |